To: jmhollen who wrote (3389 ) 5/17/1999 9:22:00 PM From: LegalBeast Read Replies (2) | Respond to of 5541
Actually, I agree with what you said in that last post ... for the most part. But, in the one before it where I believe you said "Likewise, a public introduction of the financial services and/or auditing firm(s), including the responsible principles therefor, should be equally a matter of ease." This is where I zoned in on what bothered me and you must have thought I had a problem with the overall thing. Was the italicized portion not said? Was I inaccurate with my quote above? Was it truly what I wished was said instead of what was really said? I agree that the company should realize that we are not going to allow waste of our resources, but as I attempted to tell you, we are not going to see names that we can call because of the possibility that we will call and waste their time and energy and our money needlessly. All of that having been said, the company owes us a fiduciary duty to properly use our money in the best manner possible. We, in turn, have recource against them if it does not happen. From a realistic position, a statement such as you propose would be meaningless. These things are assumed to be a part of the audit. Sure, we could en-mass call up and relay the message that "we just don't trust you because of the industry in which you engage." What will that get us becides an argument that our guilt by association fears are unfounded and a waste of time. Further, when no such statement is forthcoming, the bashers will twist it say that the company has refused such a simple request. The end result is that there are those who will believe that crap, sell out because of it, and in the final analysis have ended up hurting the share price unnecessarally.