Post by
harbro on Jul 13, 2005 12:52pm
Finally rid of this pig
Like most, I've held this pig for over ten years and finally bit the bullet and sold the rest of my shares today. Sorry that my 231 share odd lot dropped the price by 4%, but that just shows how poorly regarded this so called company is viewed by the market.
My decision to exit was made long ago after questioning Mr. Thornton about the original vote to go public rather than disposing of the assets as was required under the original memorandum. I made a valid request for the details of the vote, and was skeptical about the announced 96%+ vote in favor of this flawed plan. I voted against, and never did received the promised confimation of my vote, or any of infomation I was seeking regarding methodology, scrutineering etc.
He replied by email "You have made some very serious and unfounded allegations in your email of today’s date. I will forward your comments to our law firm. I strongly advise you to either apologize or get legal representation" What a dolt. No apology was offered, and I told him I welcomed the opportunity to file a counter claim.
Great investor relations eh?
Good luck to all who decide to remain - you'll need it! I only held this long in the futile hope there was a greater fool out there.