To: the hube who wrote (1058 ) 9/13/1998 11:02:00 AM From: Think4Yourself Read Replies (4) | Respond to of 2313
Major BAD news is coming if you don't act immediately. Asyst (quietly) adjourned the stockholder meeting to Sept 15. I found out Friday when I called Asyst. When I asked why I was told it was due to "confusion" regarding proposition 2. It was going to fail. What is Proposition 2, you ask? Good question! Asyst wants to issue 1.8 Million shares, diluting YOUR equity, to retain "top management talent". Notice the word MANAGEMENT. The IR rep correctly said management, NOT employees! Go look at the Asyst insider trading on Yahoo. You will see that over the past 18 months "management" sold millions of shares that they received at ridiculously low prices. You can even see them buy at $6.25 and then immediately sell at over $30. They are now seeing how stupid the investors are by trying to do it all over again. Management is competent, but also INCREDIBLY GREEDY! The IR person said "Don't worry, the strike price will be far above the current price, ensuring a nice profit for investors." Yeah, right! What is "far", 50% higher? That would make the strike price $13. In other words, you and I are going to get SCREWED (again)! I voted against this, as did most of the investors I talked to. Asyst didn't like our answer, so they adjourned the meeting (dirty rat bastards!). If you are in this for the long term, you had better vote MONDAY. Don't believe me - find out for yourself. Check out the insider trading, and then call Asyst Monday morning. Ask what is going on, and how to vote. The number is in the Yahoo Asyst profile. Ask for Investor Relations. If you don't call, what you see in Insider Trading is going to repeat itself, diluting YOUR profits. Your welcome! Ken