Lakers

Lakers

Lives in United States Twin Cities, United States
Works as a Law Student
Joined on Oct 17, 2011

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On Olympus shares suffer as former CEO goes on the attack article (193 comments in total)

Like one poster said on another Olympus thread, Woodford clearly tried to blackmail the board and lost badly.

Read Olympus' response and you can see clearly that the payments were for options related to preferred shares for the Gyrus M&A case (mostly likely for tax purposes). The sum maybe hight but nothing suggest it's not legitimate.

http://www.olympus-global.com/en/corc/ir/tes/pdf/nr111019.pdf

I think a lot of people on this board had already made up their mind about guilt even before considering any evidence. This story will probably fizzle in a few months - Olympus has the football and they only needs to run the clock out on Woodford and his ilk.

Direct link | Posted on Oct 22, 2011 at 21:46 UTC as 8th comment | 4 replies
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