To: James Harold Alton who wrote (8028 ) 8/27/1998 12:20:00 PM From: george eberting Read Replies (2) | Respond to of 19331
<<<Your reason for being upset with everything concerning DCI right now seems to revolve around our current share price. >>>>> Thank you for that patient and thoughtful post. Yes, I suppose I am upset by current share price. If we were at $3.00 or better I wouldn't have any reason at all to be leaving my droppings around here. Behind the low share price, though, is a reason. Many, many folks on this thread have a devotion to management which is totally incomprehensible to me. I understand Joe did well by some of you in years past (oil and real estate). I respect that. I know some of you have become close personal friends with Joe and with each other. I certainly respect that, too. However, in spite of what you might think of the character of my attack(s), I was actually trying to get past the goody-goody feelings to put focus on what I perceive to be some extremely poor management decisions. The course has been VERY convoluted. And I disagree with what someone said above. Not every step has been beneficial. I personally believe we had no business being in several of the ventures we have wandered in and out of. I see management claiming to have a razor sharp focus on some goal, only to take one mis-step after another. The friends and loyalists here refuse to question those errors. On the other hand, I believe that shareholders have the right, and responsibility, to constantly question management's performance (or lack thereof). The convertible preferreds may have been the only option that was available. That remains to be seen. If we are able to sell the company as planned, then it will have been right. If not, it will have been a disaster. Considering the tortuous path we have been following thus far, I don't have the blind faith that the sale WILL happen. When I look at where we have been and project that into the future, I don't have your faith that things will turn out as projected. When will the next sharp turn to the right or left leave us swinging uncertainly in the wind once again? As far as my attacks on Spaulding and Grupo, I think it was indeed a overdone. On the other hand. No one has thought to apologize for the continuing inference that I have been lying about my non-existent "relationship" with folks from the CC group. I've said it before: I have not talked to anyone from that group since last spring. You can believe it or not. For those of you who have actually done some very hard work and have shared it here, my sincere thanks. Please keep it up.