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Message: RE: Is there a formula to build long term investors?

RE: Is there a formula to build long term investors?

posted on Jul 10, 2006 05:15AM
In my opinion, public companies just use the cash it got from selling the stock to advance the business....the shareholders are nothing to them but a pain in the but. Companies hire firms to deal with the sharholders so they don`t have to. There is even another firm that does all the stock certificates and tranferes et al. With the advent of the Sarbanes Oxley Act, small companies hate to be public, large one can hire a staff to take care off all the paper work involved and the like, but the larger ones have to worry about what mgmt might say or do wrong to get the Governmet on their case. OH, and BTW, don`t view being a shareholder as being an owner of the company....just go through a chapter 11 bankruptcy and you will find out that shareholder are not and they don`t matter.

Right now , I believe we are lucky, Pohl seems to be on our side and doing what he can for us. It helps that he and TPL do have a ton of PTSC stock. Reguardless of the above paragraph, I believe we will do fine.

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