To: Little Engine who wrote (20222 ) 6/2/1998 1:21:00 AM From: Dick Lee Read Replies (2) | Respond to of 27968
LE. You state that you know, "The financials will be out any day now". From you of all people to make that statement????? You listened to the last CC (a PR disaster) and heard Steve Corso state, "I (we) are recommending that management not post the financials (financials undefined)" Prior to that he stated, "We start our audit on Monday (June 1)". This does not equate to me that it will be any day now. Based on what I heard, and from my lengthy discussion today from Randy Malinoff, we will hear when they are completed and not until. Could be weeks. I have not been here for the past 7 months, so I cannot comment on what you did in times past. What I can comment on is what you are doing now..... you know it's not much!!! Management credibility, if it is to rebuilt will take time. It will not happen overnight. What we are trying to ascertain is, "Does the new management team have the right focus?" Yes or No. Jin and I both believe that what we are hearing is 1000% better than the stuff that went before. I know from talking to Randy Malinoff that he is focused on making the Myriad acquisition as seemless as possible and reducing costs. I have three examples and will share just one. They were planning on bringing in 6 regional managers in for a 2-day on site meeting in Long Beach. No consideration was given to the cost of the airline tickets. By delaying just a few days, there was a substantial cost savings. I like what I am seeing, and hearing, from new management!!! LE, it's a new ballgame. We're in the first inning. Your playing in yesterday's ballgame. It's history except we can chalk it up to one in the loss column. We can learn from it but I don't have to keep on going back to it. Two seasons ago, the Denver Broncos got their clocks cleaned by Jacksonville. One year later, with essentially the same team, we won the Super Bowl. LE, wake up, it's a new ballgame. Yesterday's news is old hat!!! You are beating old drums. LTBFV, Dick (I live outside Denver, CO. Manfred, I know es ist wunderbar in Deutschland, aber Castle Rock ist nicht so schlecht!!!) Apologies for may atrocious German.