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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?


To: Graystone who wrote (4281)8/11/1998 2:21:00 PM
From: The Fix  Respond to of 4718
 
Hello Graystone......Welcome to the wacky world of Antares (This is a real soap opera on here). I've read your posts around SI and respect your opinion. Please stick around and keep posting.

fIXER



To: Graystone who wrote (4281)8/11/1998 7:02:00 PM
From: Ally  Read Replies (1) | Respond to of 4718
 
Hello Graystone,

Yes, fully agree with your assessment re: the concern here is the manner of the action taken by the company.

I guess you've read John's post by now... interesting that he seems prepared to meet the challenge. I was wondering how he would react when he got back... and was somewhat surprised that he didn't cower to the company, and instead seemed to welcome the the opportunity to do battle.

I am also pleased that SI did not freeze his profile, despite the threatening legalese note from ANZ. It shows the brothers have a deep belief for leeway in free speech.

Strange isn't it? Many of us new on this thread perhaps don't even know this John chap at all, haven't exchanged any posts with him, and here we all are on this thread, standing vigilance based on a principle that we deeply believe in.

BTW, do you follow PHV, another company threatening to sue the John Does for talking about things on the internet the company view as defamatory. Now it seems, PHV is getting into deeper and deeper doo doo. The chap (exployee Hilson) who was silenced with a legal muffle order by PHV two years ago before he could whistle blow on the alledgedly corrupted antics of the company is now progressively winning the legal battle, and is expected soon to be able to speak all he knows about the company. The legal file is now opened to the public and the contained documents have been published on the Yahoo board. Hilson's file 2 years ago contained charges of voodoo accounting... things that the press has already reported in plethora by now. Had investors known 2 years ago about the alleged corrupted management practices when the stock price was still low, it could have been a different outcome, and shareholders could have avoided losing millions of dollars.

PHV released its June 30th quarterly report this morning and apparently legal fees are going through the roof. Another chap, Paul Palango, a journalist, is also doing battle with the company, and has kept readers on the Yahoo thread abreast with all the legal tassles. Between him and Hilson, the class action suits, the John Doe suits, and the law suit of another ex-employee, the lawyers are having a heyday sucking PHV's shareholders on legal fees.

...my ramble...

Management of publicly listed companies are well respected and generously compensated with salaries, benefits, and options. They are in their positions because shareholders trust them and are willing to fund their dreams. In return, shareholders expect management to be honest, communicative, and successful in generating adequate return on the shares. Shareholders are management's bosses. Shareholders have the right to challenge management with tough questions, and to be constantly vigilant of management's actions. Management, while living in luxury, live in a glass house!

...there, it's over now..

What's all this to do with ANZ? It seems a very risky thing to try and legally muffle a shareholder. Contrary to the thinking that such an action will protect shareholders, the outcome may prove to be the contrary, i.e. more detrimental to the shareholders. The company lives based on shareholders trust. It takes only one mission driven shareholder, and one proven impropriety, to crack the glass house down.