To: The Philosopher who wrote (10228 ) 1/14/1999 10:40:00 PM From: Michael T Currie Read Replies (1) | Respond to of 15313
Christopher, The bit about state law disclosure requirements is interesting. I intend to follow up on that, time permitting. I have little patience with management - or shareholders for that matter - who run the usual line of "we're a BB company, so we don't have to report". This speaks to a much larger issue: does FNTN want to be a real company or not? What distinguishes it from the other 95% of BB issues that exist to enrich managements, newsletter journalists, and various Canadian interests? With a named CFO in place, why should his first job not be to set the financial record straight? Do we really have to wait until you are forced to report or risk the pink sheets? Warren Buffett chooses his companies based largely on their managers, then usually just stands back to watch. I would love to be able to do that, but that luxury is out. His managers are proven, ours are not (yet). Maybe someday they will be. I hope that I still own some, all, or more of the stock when that day arrives. I have owned the stock for over 18 months now, so I think that I qualify as a 'loyal shareholder', whatever that is. However, I have just about lost patience with what I see as the inability to fulfill (or the conscious decision to neglect?) shareholder needs for information. If Michael Sheppard wants to consider this micromanagement via internet, well then so be it. I think that I am asking for something very fundamental, unlike some trivial criticism about management selling some shares. Sorry to ramble on like this. This has been building up for some time. Mr. Sheppard, I am sure that others are feeling the same frustration. Are you listening? Do you care?