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Exide Technologies Message Board

restex07 1 post  |  Last Activity: Nov 28, 2014 12:33 PM Member since: Nov 20, 2008
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  • Reply to

    ...why would someone bid this up?...

    by txjur46 Nov 26, 2014 3:47 PM
    restex07 restex07 Nov 28, 2014 12:33 PM Flag

    GGS should never have been allowed to go public, nor issue debt. They probably filed materially false statements all these years, IMHO, but who's going to go after a 500 Mil seismic outfit in Texsas? Small fry and besides, SEC, DOJ, other agencies are filled with cowards and braindead bozos that couldn't unearth Madoff when it stared them in the face for 10 years!!! GGS was a done deal as far as BK goes from day 1... lenders knew it, so did upper management. It IS possible to screw MOST of the stupid people ALL of the time.

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