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International Game Technology Message Board

ajsrm 11 posts  |  Last Activity: Jul 18, 2014 8:55 PM Member since: Feb 25, 1998
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  • Reply to

    Lawsuit

    by blasted2007 Jul 18, 2014 1:18 PM
    ajsrm ajsrm Jul 18, 2014 8:55 PM Flag

    It depends on what you mean by "that." I certainly am not thinking of winning a substantial portion of what Patti has cost me. But a small settlement could well be worth going along with the ambulance chasers. Of course, the lawyers take a lot of any settlement for themselves. But, in the past, I have received some checks well worth cashing. More or less, token pay-backs. I remember the fraud on McKesson by HBOC in a so-called take-over. Unfortunately, I was a holder of the HBOC stock and hardly could complain. Some of the HBOC executives ended up in jail. I would say the HBOC shareholders benefitted from the fraud which they were not the least bit personally responsible for. Charles McCall, head of HBOC, was one who went to jail, a fate one only could fantasize for Patti. I still own lots of McKesson stock, a great winner to be sure.

  • Reply to

    BUYOUT OF IGT - LAW FIRM SEEKS HIGHER PRICE

    by tripplevy66 Jul 16, 2014 6:48 AM
    ajsrm ajsrm Jul 18, 2014 5:57 AM Flag

    Contact with a law firm is without personal cost to shareholders. When I talk about Patti's legal sins, none bother me more than her attacks on Chuck Mathewson, whose brilliance built IGT from almost nothing to what it became.

  • Reply to

    BUYOUT OF IGT - LAW FIRM SEEKS HIGHER PRICE

    by tripplevy66 Jul 16, 2014 6:48 AM
    ajsrm ajsrm Jul 18, 2014 5:35 AM Flag

    As of now, at least 15 or 20 law firms have asked us to sign up with their investigations of the IGT Board.
    I own far more IGT shares than any of the Directors, with the exception of the Wicked Witch, and
    I will hook up with one of the law firms. Eventually a judge will assign one of them to represent all the others. Patti is an ethical disaster so an investigation may well develop a meritorious course of action. Incidentally, she will have only a token role in the new company despite her efforts to suggest otherwise. I don't think your choice of law firm will make any difference but I'd prefer to sign on with the one that will provide me the most timely information as to what is going on. Haven't decided on a pick yet. If legal indemnity is decided, all IGT shareholders will have the same opportunity whether they contact a law firm or not. Should circumstances dictate, I'd like to see Patti behind bars. Her "legal" sins justify her a place in hell.

  • ajsrm ajsrm Jul 13, 2014 9:16 AM Flag

    Aristocrat (ALL.AX) is a stinker all on its own. The last thing it can afford is an even worse stinker like IGT.

  • Reply to

    Buy Igt,

    by fatyrbkle Jun 24, 2014 4:03 PM
    ajsrm ajsrm Jun 30, 2014 5:48 AM Flag

    Revenues obviously are not the bottom line. I own both IGT and BYI and get a print-out of my financial situation every day. For quite a while now, the BYI line has evoked great admiration while the IGT line has been a constant source of revulsion. How you can think that IGT compares favorably with BYI goes beyond my ability to imagine.

  • ajsrm ajsrm Jun 30, 2014 5:10 AM Flag

    Just think OBAMA. In the course of human events, lunacy occasionally is able to sneak in between the cracks. In the case of both misfits, we just have to take our punishment until their departure. I'd like to see the SEC take a look at Patti's departure and the impeachment process do the same for Obama. How Patti was unobstructed on her long path to destruction and how a so-called constitutional lawyer was permitted to shred the Constitution, with so little push-back, should provoke apprehension in all rational observers.

  • Reply to

    Buy Igt,

    by fatyrbkle Jun 24, 2014 4:03 PM
    ajsrm ajsrm Jun 26, 2014 7:50 PM Flag

    A lot more than 30 IMHO. Take a look at Bally's (BYI) performance while Patti was destroying IGT. I bought a significant number of Bally sharea as an approximation of a hedge against a disaster for IGT. I guess that was one positive result of Patti's disaster.

  • Reply to

    I think 25-26 +

    by la_chicago_boy Jun 13, 2014 11:22 AM
    ajsrm ajsrm Jun 26, 2014 7:20 PM Flag

    Let me remind anyone willing to listen that Patti still runs this company. I'd sell out all my IGT in the blink of an eye, were it not to cause me severe tax problems. Take any money now available and run. Patti still is somewhat unethical and totally incompetent--not somebody to hang around with. By now, we all know that she did NOT have a degree in Economics as she claimed. I think this was the main basis for her removaal
    from the Yahoo Board. Not a capital crime but not something to inspire one to be connected with her. She just about destroyed the company so brilliantly built by Chuck Mathewson. and she was unbelievably disrespectful of Chuck when he ran for a place on her Board of sycophants. We certainly can be sure that she will take as much out of the treasury as she possibly can before she finally leaves. I put her in the same category as President Obama--enough said. We are nearing the end of a very sad story. i hope that most of us have stocks in competently-run companies that can more than balance out the damage that Patti has wrought.

    Sentiment: Strong Sell

  • ajsrm ajsrm Jun 10, 2014 11:21 AM Flag

    She was the most incompetent CEO I had to suffer in my 81 years. By the way, the state college she faked her Economics degree from was in Illinois, not Pennsylvania as I said incorrectly. Here is what the sycophant Board responded with to her fakery:
    "After a thorough review, the IGT Board of Directors found no material inconsistencies in Patti Hart’s academic credentials. The Board unanimously chose to stand behind Hart as CEO and fully support her leadership and the direction she set for the Company.[8]" (From Wikipedia)

  • ajsrm ajsrm Jun 10, 2014 10:57 AM Flag

    Of course, I don't mean that Chuck's leaving was good news. He was a great manager who took over and took me along for his genius ride, making this small company into the colossus of the slot vendors. The fact that Patti was able to keep him off the Board, in the recent effort for a change in that horrid Board, was something to make one sick to one's stomach. The lies she told about him were a disgrace, particularly coming from her.

  • I'm not suggesting that we'll eventually get a big premium from a change of management. But I do believe
    that, however costly, getting rid of Patti and her Augean stable of sycophants is essential if there is to be anything left for the rest of us. From the start, I knew Patti was bad news when I found she was faking her business degree from a state college in Pennsylvania into a degree in Economics. Such trivia can tell us about the character of a person.

IGT
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