To: waltertx who wrote (26961 ) 3/13/1999 11:50:00 PM From: R. Murphey Read Replies (1) | Respond to of 27968
waltertx, ....very interesting.......it appears folks are not "choosing wisely" as was a suggested consideration earlier. It appears some are examining the situation with a microscope when the panoramic view says much more. A knee jerk reflex tells so much to a diagnostician about the state of internal affairs. Let's think for a moment of all who could be deposed......ummmmmmmm ...... I can easily think of 15 classes of individuals...... interesting points and possible revelations to consider. Who authorized these dispersals, why did they go here, ....or way over there? ..... how did this money appear over there? Who had responsibility for this, and that? Who approved this, or that? When was this known, ...or that? Who furnished this, ...or that? Various individuals have or had specific fiduciary responsibilities. Did they handle them appropriately, ethically, legally? If so........ If not..... You speak of garbage on this thread, and for some reason in you considerations that's suddenly a big deal. The stated content of these threads includes communicating, information, views, and opinions. What would anyone expect? Sports have similar discussions. You were specifically warned about this when you established your SI account, just like everyone was warned that "members may pretend to be people that they are not". Long timers have frequently seen their own perceptions about individuals shift as "facts" are presented and verified. Inside info????? the company has been a sieve since 1997 at many levels, even, I seem to recall, from the top levels after a PR announcing it would cease. One might say they continue when carefully considering your own statements here. And don't overlook the countless press releases and company communiques that flowed over these networks during many months, and how they were used. In fact, it may be revealed how some well meaning people were "used". Be sure to consider the issues of Harassment? Intimidation? Power? Certainly could boomerang viciously when presented. In the end, the SI thread is a relatively restricted communication method compared to PRs released to the news media and upon which many, many investors relied. Think it's personal?? ......just ask the investor whose $4,000 investment in an "undiscovered gem" turned into $150. There are a lot of similar stories out there, ........a whole lot of them! And their words may be expected to be much more cutting than anything I've seen on this thread. Do you think a judge will consider and place any weight on a "universal" feeling? Ummmmmmmmmmmm........ Was it because of bad times in the industry, ....... not based on what the company has said time and time again. Yet there is the reported financial status of the company, and there could be the big question of where all those shareholder dollars went, ..... to who, ...and how, and for what? Ohhhhhhh .....and the representations!!!! Where did those shares go and why? Hopefully, you've done your duty in a timely fashion. So, all in all it skews back to the fiduciary responsibilities, business practices issues, and what was or should have been known..... what was or should have been done. Very relevant topics when dealing with facts. The company is probably the only chance shareholders have for regaining any part of their investments, so its difficult to believe they want the company hurt. The chances of success, given the apparent, significant financial hole that has been dug by management are probably slim. The clock has been ticking for what may be too long. It is amazing to me that a catastrophic business event has not occurred already, and it still may. Nevertheless a company's business and Management are separable entities as has been confirmed in countless corporations around the world. It is also why a "C" corp. is I believe the only perpetual business entity. AS for "sitting down and resolving the differences", I don't know the history surrounding specifics about which you refer, but to me, there are certainly a couple very realistic and viable options available that make good business sense. Regrettably, I sense they would not be considered by the "home team" to be in their best personal interests, yet, in fact they could be. One option could be considered very "balanced" when the overall situation is considered objectively, and assuming there are no more significant surprises. So, in the end, the situation sure is personal to many shareholders. Is it personal against Arif? So far the evidence is no, its more likely just plain good business. Best of luck, and again some should really consider "choosing wisely". Bob.