To: Grashopper who wrote (8498 ) 10/23/1998 9:26:00 AM From: NJ Investors Read Replies (3) | Respond to of 10786
Larry and team members: Let's use a title for each topic vs. #1, so others may understand the reference and we can code responses. Thanks for taking the initiative and creativity. Could we restate question 1 to: Why has Mr. Gruder, Chairman, failed to honor his word to purchase Alydaar below $9.50 on Sept??. This establishes the facts and relevance factor. My earlier response suggests that some funds are set aside but he still has adequate resources. Secondly, a purchase of some significance (No. of shares) communicates not only his intention but establishes his integrity. Debate is always possible around significance and relevance, but it send a clear message to the investment communities (small and institutions)and to his employees and customers. To your question #5. New Title- Rothchild Sale: Having spoken to Sean Kelly personally, here is his version. He was very bullish about ALYD and has a depth of knowledge about Y2K that provides a perception of understanding and credibility. He was interviewed and cited in the article which apparently violates a Rothchild practice, whether written or implicit, it is not known. The information conveyed by Mr. Kelly was public information not confidential. His position was there was nothing wrong with his actions. He defended this position and interpreted it to mean, that Rothchild's management didn't trust him. He alleges, he tendered his resignation and they accepted it. The consequence of fund manager changes for both Rothchild and Lewis and Gartner, is obvious. Fund managers have their own perspective and strategy and thus, sell and buy. Both funds had 500 to 500k shares and sold their positions. The above is my recollection of the phone conversation and I invite other to contradict the representation, amend, or support it. For the future: could we frame Questions as:Q2-Acquisition Strategy; Q3-CEO leadership vs. Chairmanship; Q5-Market Positioning & Communication