Friday, October 26, 2007

Joke of the Day: In the Best Interest of the Investors

So....yeah....this one is for SLRisk....I am sorry but I gotta do it. Realize it is nothing personal at all. I admire the effort but the recent action is deplorable. In the best interest of investors??? Hmmm, were the investors consulted??? Was there a shareholders meeting that I didn't hear about? I am usually in the know on a lot of things but I guess I missed out.

Publicly listed companies kill me with this fable of a line "in the best interest of investors" when they didn't even bother talking to the investors in most cases. If I am wrong here, feel free to correct me. I am woman enough to admit wrong but I think this is a result of Jon Desmoulins giving a strong sell rating and according to the announcement here (https://www.wselive.com/research/announcement_detail/2794) it was.

First of all, I agree with Jon's analysis. I think CEO's are expecting the analysis to be bare numbers and nothing more. BAH! That's just a financial statement. To come to a conclusion on the analysis, you have to give you opinion based on what you see so.....yes, it is partly opinion. Are we not adult enough to realize that? Pardon the smugness of this blog...I am quite pissed about this. Too many times we see things done "in the best interest of the investors" and then we have something like a "Jasper Tizzy" happen or a "Ginko Perpetuating that these are Bonds" happen.

WHAT A JOKE! Stop saying you are doing things "in the name of investors" when all it boils down to is that your ego isn't getting stoked and you want to fly the coop. Show me a log of an investor meeting were you consult investors and I will gladly shut the hell up. This is the reason WSE has the resolution portal. This is the reason I post polls on my blog. This is the reason CEOs start threads to ask questions. If you haven't done this, it was not "in the name of the investors." It was because you got pissy, folded you arms, and said "I don't want to play with Luke anymore. I'm leaving to go play with Intlibber."

Come on, nothing wrong with leaving if you really want to leave but seriously, CEOs are jumping exchanges like frogs on lily pads and it is horrible. How many times did Jasper Tizzy jump? Intlibber Brautigan? Well wait....he got put out of the sandbox but no one let him play in theirs so he bought pretty much stolen technology from a known con artist and opened his exchange with AVIX information still on the pages.....Great....

Let me step off this damn soapbox before I break a heel.....

LLCRA Shareholder Meeting

L&L Credit Reporting Agency will hold a Shareholder Awareness meeting on November 3rd to introduce the first phase of the database via voice and Microsoft Live Meeting so there will be a downloadable Powerpoint presentation that will go along with the meeting. If you would like a copy of the presentation before the meeting, please send me an email at lindsay.druart@gmail.com and I will get it out to you as soon as it is available.

LLBT Shareholders are asked to attend and ask questions as you are stakeholders in the Agency as well and decisions made affect the profitablity of the Agency, thus affecting dividends recieved.

The meeting will be at 2pm SLT on November 3rd and will be held at L&L Corporation on Port Chase. I will post the SLURL soon but the building is not hard to find. Feel free to email me with questions before hand or questions that you would like addressed in the presentation. Thank you for your continued support.

Sincerely,

Lindsay Druart