MagIndustries Corp MAAFF

RE: RE: RE: Knut Case gone?

[zeekay]

That could be the reason why Richard Pratt auto replied to my email.....

IMO, Knut is not where this company has gone wrong.  It is more the attitude throughout management where they believe "We have the resource.....let them come to us."

If there is going to be changes, it should be a lot more than just Knut. All it takes is some pressure for two or three institutional holders to enact change, but remember, they would have to have hand picked the replacements BEFORE any announcements are made.  If some of the larger players are going to be heard, maybe they see someadvantage in slashing costs and selling off assets instead of bendingover to a group of Chinese investors.....

Why don't you guys take a look at the management group and tell me what has each individual done to keep his job.  It seems there are a lot of big titles in such a small company that is a financial drain.


BTW, lobbying the large institutional holders is a better way to achieve progress than bickering on this board and threatening lawsuits.  It is more beneficial and it takes weeks not years, not to mention at a fraction of the cost.