Forum Archive Index - October 2001

["george soros" <gsourous@hotmail.com>]

Is there any reason why no postings on Logan/Watson stand in the market for 
remainder of the company? As a long standing shareholder of this company 
could this be yet another case of oppression of the minority sharholders 
that the aforementioned have shown in the past that they are so good at?  
I,m no accountant but my high cost beanies, who have sifted through PRG,s 
creative accounting in their annual report, tell me how can a company that 
has gone from $8m to $30m in 3 years in operating earnings be only worth 
marginally more today than Logan/Watson paid for it 3 years ago? Normally 
the Pied Piper would be shouting good news like this from the rooftops, ala 
ADV/SMR press releases of the past, but there seems to be a dearth of news 
from PRG ever since he,s  taken over. Could this also be the reason that no 
dividends have been paid ever since he,s had the reins knowing full well 
when he owns it his hand,s are in the till and he,s kept the rewards from 
the minority shareholders who are in the cold once again!
Some comment please!
Disc.  Significant long term holder of this stock and going long on it as 
well.

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