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Author Topic: Gentlemen! Start your engines!  (Read 4835 times)
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Birdbomb
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« on: January 19, 2007, 07:31:06 AM »

And so, the pissing contest begins......

Cyberonics Sends Letter to Stockholders

Metropolitan Capital Urges Cyberonics Shareholders to Support Committee Nominees and Send Important Message to the Board

Cyberonics Sends Letter to Stockholders

Metropolitan Capital Says Cyberonics' False and Misleading Letter to Shareholders Illustrates Need for Change
« Last Edit: January 19, 2007, 07:31:22 AM by Birdbomb » Logged

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« Reply #1 on: January 19, 2007, 02:25:03 PM »

Quote
Harry S. Truman said, "If you can't convince them, confuse them." Cyberonics Board appears to have taken President Truman's words to heart.

So that's been the plan !
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Bernard
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« Reply #2 on: January 20, 2007, 01:58:40 AM »

I only read the last link and have not been following this saga that closely, but this jumped out at me (bold emphasis is mine):
Quote
Understandably, this Board does not want the Company's shareholders to focus on its poor stewardship, which has resulted in:

... * The Company's auditors' questioning the Company's viability as a going
      concern
and issuing an adverse opinion on the effectiveness of the
      Company's internal control over financial reporting

Their own auditors think the company is going to fold?
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Bernard
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« Reply #3 on: January 20, 2007, 02:14:30 AM »

Went searching for info on that and found:

IRA Corporate Monitor Demo Report on Cyberonics

I couldn't find anything that looked like official validation of the statement above though.
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Birdbomb
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« Reply #4 on: January 22, 2007, 11:03:24 AM »

Icahn backs Metropolitan's Cyberonics nominees

Varoooooom...Varooooom....Varoooooooooommmmm!
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"If you are going through hell, keep going." (Sir Winston Churchill, 1874-1965)
VNS implanted Sept 02, turned off Dec 04, Generator ex-planted Nov 07
Electrodes are in me for LIFE!
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