To: Wayne Anderson who wrote (1584 ) 4/10/1998 11:32:00 PM From: Thos Read Replies (1) | Respond to of 1901
Wayne - no problem, honestly.ALL - ALL For ALL....... it has been pointed out to me that I have to make an effort to be more specific, while endeavoring to remain sensibly obscure. An interesting conundrum. Nevertheless, let me try. Now - one and all. Let's address something that may have slipped between the cracks. It's frequently the case that issues become distorted as a result of the aims and goals being lost sight of. I am certain about one thing, however, and I believe that I've expressed it here - and if I didn't before - I am now. There is NO conspiracy that I am aware of, and certainly none that I am a part of, to conduct some kind of absurd litigation against the Board. Now - lawyers being lawyers, we have had a couple of proposals, and we turned them down flat. Assuming that anyone got anything out of such a misguided endeavor, it would the attorneys. Frankly that's not now, nor has it ever been, what this is all about. The reference to an exaggerated debt picture is based upon what we believe to be a legitimate view. It hasn't been tested yet. But there is a quantity of debt - a very large proportion of it - that by its very nature in this industry is offsetable. That implies that what was viewed by the Court as being absolute - isn't. Now let me restate the nature of the efforts that we have been taking huge personal hits on, and that we intend to see through to the end. The Goal, gentlemen (and ladies), is to recover the Company. Period. We have not been inclined to view the PRESENT Board as our adversaries. The caps are important. What I will say to the present Board, and that I hope you will all, on this thread, agree with me, is this: Isn't it time that you people make some visible efforts to get a better deal for the shareholders than the one proposed by IPIQ? We've been doing this now for 43 days... and indeed, other than some regrettable references early on, due, no doubt, to your standstill agreement with Neches that has now expired, there has been little in the way of cooperation - from MOST of you. NOT all or you - MOST of you. We - and I dare say we ALL expect YOU to be there - NOW - on our side. ALL OF YOU.... Now - for anyone who feels that my expressed views are hiding some nefarious agenda, or that I am being unduly harsh and critical, and you think you have a legitimate beef, well, hell, call me up. Don't just stew about it. Call me and we'll discuss it. 330-478-8942