disgusting and unacceptable
posted on
Jun 11, 2008 05:51AM
No other way to put it! The company has failed to meet its fiduciary
duties and quite obviously in my past posts I was concerned about the
lack of leadership demonstrated by Babcock, who was CM's hand picked
choice.
Chester's judgement in this case was wrong! Plaxton's addition to the
board creates new dynamics since it would appear Plaxton and Adams have
as a minimum crossed paths many years ago and to my recollection,
Plaxton like myself was also an investor in MGM.
Us longs are the owner's and it is up to us to all also provide the
direction we deserve. Between my personal position and those whom I
have "encouraged" to purchase have in excess of 500,000 shares. There
are others who can also speak for significant blocks of the company ....
One of us must get to Atkins since he is operational ... the directors
if we can't get to Atkins ... and be given an explanation as the action
plan to correct this disgusting lack of regard for fiduciary responsibility.
Orgy