Monthly Archive for January, 2009
“XYZ today announced that its Board of Directors adopted a Shareholder Rights Plan. The Rights Plan is designed to enable all of the Company’s shareholders to realize the full long-term value of their investment and to provide for fair and equal treatment for all shareholders in the event that an unsolicited attempt is made to acquire the Company.”
You may have seen a number of these “shareholder Rights Plans” or as we used to call them Poison Pills. Interesting that companies that used to be very proud of not having anything that would hinder an acquisition now are rolling out poison pills with vigor. I think board members should think long and hard before voting on one of these plans for a company that may well be in Charter 11 with out a white knight to buy them out. The shareholder may end up with nothing.
People have been asking for a update on my new company RDSeismic LLC. Well things are going very well. We just received our first order, nice to have a real customer, great folks who even paid in advance to help us out! . in addition we should have our Beta units ready to put out in the field within 6 to 8 weeks. Justin Farrelly and the team at Vercet LLC are working full bore on final design and software, Ricardo Molina at Amphenol Steward Enterprisis is working hard to get us the first shipment of the new connectors they have designed. Pip Sivakumar is waiting on use to get the final design so the team at MTI can start production. More info soon on the RDSeismic website, the designer should start work on the new site next week.
The RDS unit really simple!
If you have not found enough news to depress you, Matthew Simmons presentation on Oil is a must read.
Matthew R. Simmons presented “Is Oil
People are always asking me what my son does. Clearly a simple short answer to that question just never works. Now I will just point them to this blog post:
What am I doing?
