Comments on: Shareholders, watch your language…

By: Erich Riesenberg

Erich Riesenberg — Tue, 09 Feb 2010 19:53:11 +0000

How much mail does a director normally receive? It seems foolishly short sighted to have someone screen director mail.

By: tom brakke

tom brakke — Fri, 05 Feb 2010 13:17:03 +0000

I’m wondering about those “trivial items” that don’t get forwarded right away to directors. Do you suppose they get a folder that says “trivial items” at the board meetings? That’d be a pretty strong message that the information is not really worthy of consideration.

Obviously there is a need to keep directors from being overwhelmed by inanities, but it’s interesting that management is there to do the filtering. Based upon history (in general, I don’t know this company specifically), I’d say that one of the governance problems companies face is that the agenda and information flow is shaped by management, not the board. This is just another example.

Which items critical of management end up in the “trivial” folder?

By: Au Contraire

Au Contraire — Thu, 04 Feb 2010 20:21:05 +0000

oops, the link: http://www.sec.gov/Archives/edgar/data/1474227/000146302810000002/ds1a.htm

By: Au Contraire

Au Contraire — Thu, 04 Feb 2010 20:20:45 +0000

Check out the S-1 for a private Series A offering filed a few days ago. Probably one of the few filings to: 1) contain a complete screenplay; 2) contain the words “F**k me heels,” among other less-repeatable (yes, really) turns of phrase.

By: Frank Graham

Frank Graham — Thu, 04 Feb 2010 16:55:23 +0000

Funny writing.
Used to be named Nature’s Bounty. Vitamins.
Odd this beast has risen from $12.22 to 46 +/- and has a high 83% Institutional ownership, with short interest only 1.37, beta 1.7.
Not exactly a day trader or large public ownership, 450 shareholders. Employees?
14K employees so maybe some of them found out about the lack of love at the top.
Past 6 months Insider Sells 1.8M to 21K buys.