Linsdell Release On That DayI emailed Vanguard response on my personal opinion of Neil's press release yesterday.They responded this afternoon. They seemed to feel much of the same way I feel and the response seemed to carry their condolences to many of the people hurt by his remarks.
If anyone wants to read.
Sent: Tuesday, December 11, 2007 12:02 PM
To: Elisabeth Preston
Subject: Neil Linsdell Release
I would like to express my opinion on the press release made yesterday, by Neil Linsdell of Versant Partners.
The investors of Allen Vanguard are somewhat a nervous group of people. Neil’s press release yesterday, in the way it was express, did nothing but enhance this. It brought out all the worst fears in the investor, causing them to over react to the situation.
His press release today seemed, what you might say was, a little more consolatory and informative, as he was trying to relieve some of the anxiety of the investors. The damage has been done, the company’s share have dropped significantly, more than they should have. Hurting the company’s position and with no doubt, many investors lives. I personally will recover in time, some will not.
When I bought shares, I bought with the view I could tolerate some loss, in the short term, but this loss was far greater than could imagine. I still believe that you have a very good company here, but the volatility, such as yesterday, is a little too much more my taste. Neil’s remarks today will help, but I think it will be more cautious move upward. The comments he made today, on the impact and future will help, but the wounds made yesterday, will take time to heal.
I don’t think Neil intentionally forced the market to react in this way, but he should think a little more before he speaks, the losses would have been there, at a more acceptable level.
I know you will do well, I think highly of your team, unfortunately some people covering, seem to speak before they think. If Neil had worded his release yesterday, with some information of the implications, of the news, the drop in price, would not have been near as much.
Dale Thompson