posted on February 8, 2001 04:10:07 PM new
Of course they pulled it. If you were a shareholder wouldn't you be on the phone with the comittee within seconds of reading that? I would be and I would also be demanding the replacement of the CEO, no matter how much stock he owns.
posted on February 8, 2001 04:14:42 PM new
Just before they pulled it somebody said "He is the Ceo and he can do what he wants cause it is his company."
CEOs do not own the company. They may own large ammounts of stock, but the "stockholders" as a group own the company. They (CEOs) have to do what is best for the company and for the shareholders.
[ edited by auctiongaurd on Feb 8, 2001 04:16 PM ]
posted on February 8, 2001 11:02:14 PM new
I would not take any I.P.O seriously that does not have an underwriter at the time of the S.E.C filing. But then again look at their s2 filing. Would you underwrite this offering.......