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Danny Van den Berghe wrote:
> > But when a private , in this case even secret, company goes
> > public with some of its shares, it is only a natural
> > outcome that these public investors will want to know at
> > least a few things about it.
On 9 Jul 2003 at 9:04, James M. Ray wrote:
> Agreed. I'm sure more information will come in time, but I'm
> also sure that 100% of the people (possibly including you!)
> will never be satisfied. Others (including me!) will say
> that knowing who Kenny Boy Lay is didn't help Enron
> shareholders very much...
The fact that existing state sponsored institutions for
protecting smaller shareholders failed is a reason for building
better ones, not a reason for not having such institutions at
all. For all we know the guys issuing these shares have just
come out of several bankruptcies and a long jail term for
financial fraud.
--digsig
James A. Donald
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G6CQoVynmihl/hJ6zBNjMo8Ef2IBnBJ0eoKWj1d3
4bT88bMk8lU7oGRkfp5K/OreAt02OAtWfAQ/S3Jq/
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