***Open Letter From Einhorn To GMCR Shareholders***
My good friend, Bryne Einhorn, whom I have known since 7th grade is issuing the following statement to shareholders of GMCR:
"The events of the last 24 hours does not bring me pleasure. Yes, it validates what our analysis was showing all along. Yes, we will reap the rewards of our hard work. However, I do not take any joy in watching shareholders lose a large amount of their investment. There is no pleasure, for us, in seeing that happening. Our hope is shareholders may have been able to get out of the stock; as soon as we started issuing our concerns. That is partially why I do this. We are not just in this to make money for ourselves. We view ourselves as a 'watch dog' for the investing public. Better to lose half than lose all, such as what happened to Enron, because nobody dared question the Company, early on. Anyway, I am sorry many shareholders are suffering. It is a painful lesson. But something one can learn from to become a better investor."