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Posted by Richard on September 13, 1999 at 18:59:30:

In Reply to: Re: answers to your questions posted by Yehoram on September 07, 1999 at 17:25:38:

In one of your earlier board posts you said
something along the lines of... I usually get
thumbs up when I talk to investors...

I don't believe that my posts are derogatory

IN ANY WAY

I have stated before that I believe in the
technology, but not in your ability to lead
the company to profit.

Your answer to this has always been (essentially),
I have more shares than you, so your opinion will
not be considered.

I am sticking with the company because I hope
someday that you see the light and bring on
more experienced management or that the company
will succeed despite your leadership.

You generally are (in my opinion) overly optimistic
and unwilling to recognize that short term failures
can lead to long term failure(which was what the
driving analogy was all about in case you didn't
get it)

Goodluck all!

(yes EVEN Yehoram)


: Richard,

: First I was reluctant but than despite your tone I decided to respond.

: "You often refer to yourself as the company's biggest shareholder. This is supposed to mean what?"

: It supposed to mean that I have a lot to gain, or to lose, if the stock performs well. It definitely does not mean that "the company is immune to the stock market?" The opposite is true. For me, the market is, and will be, the ultimate judge of what will be the value of my investment, in the company.

: You ask: "at what point will your upbeat attitude change?". I am not a suicidal person, had I felt that Soligen can never be what I believe that it should my upbeat attitude will change. Had the market (our customers, not Wall Street) indicated that our product, technology, service… is not what they want, my attitude would have changed. I am upbeat because I believe that we are making nice progress and that we are positioned better than any "rapid manufacturer" in the casting business to address the market needs. Not that we do not have hurdles, or challenges, we do even the best quarterback fumbles. The issue is recovery and progress, and we do it well.

: Regarding your race driving experience: "You remind me of teenager driving in first gear with a blindfold on. If you make it - congratulations, if you don't the company will be just another crumpled wreck on the side of the road. And all of your stockholders are passengers!"

: Richard my friend, DO NOT BE A PASSANGER with a driver like this! It is your right to think of me acting in any "cartoon" situation. I do not gamble or practice reckless driving, and if you think that I am, get off the wagon BEFORE it crashes.

: I take the time to respond to messages like yours despite some of the comments that are not worth responding to, because co-investors concerns are important to me.

: Vote of confidence in management is buying, distaste should mean selling. No one has forced you to invest in Soligen shares, if you made a mistake, bear the consequences. Constructive criticism is welcomed, we can put up with frustration too but derogatory is a waste of your precious energy.

: Yehoram




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