GREY:GLNIF - Post by User
Comment by
musingon Mar 31, 2005 10:12am
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Post# 8837776
RE: Very positive, upbeat article in Post
RE: Very positive, upbeat article in PostHi clint1. Notice that the article suggests that there has been a good reason, recently, for the low key approach of management and that management will now be getting the Glentel story out. Great news. Here is the entire extract:
"Surprisingly, senior management, led by president and chief executive Thomas Skidmore, has taken a low-key approach in recent months despite invitations from investors to make presentations about the company's strategic plans.
Some of Glentel's reluctance can now be attributed to trying to complete last week's acquisition of The Telephone Booth chain from Hartco Corp. , which is estimated to be worth $10-million to $25-million in cash and stock.
To finance the deal, Glentel plans to do an equity offering. As a result, there will be a road show where investors will finally get an opportunity to get an in-depth sense of the company's plans."