Chester Cox

Lives in Poland Warsaw, Poland
Works as a Retired Airline Pilot
Joined on Oct 16, 2004
About me:

20D, 28-105mm usm 3.5-4.5, 100mm 2.8 usm macro, 70-200 2.8 L IS usm, 420ex, TC-80N3 (all canon)


Total: 1, showing: 1 – 1
On article Olympus shares suffer as former CEO goes on the attack (188 comments in total)
In reply to:

BizzaBoy: Here what is bothering me. If I seek advise on something, I am making sure that the one I am taking advise from understands the issues I want to have advise about. In engineering, I'd ask a seasoned individual. In finance, I'd ask somebody who has been around the block once or twice. However taking advise from a firm that suddenly disappears does seem to be a very odd choice to me, irregardless of how much money did change hands.

Having waded throu the documentation that has been provided it also seemed odd to me the Olympus complied with the request to buy back the preferred stock. I am not quite certain about the timeline, but my understanding is that at the point of the buyback the assets of Gyrus had been reorganized within Olypmus, leaving only a financial shell. Hence the argument given that the "veto-power" would have presented a problem is rather insubstantial.

advise is a verb. advice is a noun.

Link | Posted on Oct 20, 2011 at 14:21 UTC
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