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In Reply to: RE: Was Dynaudio in financial trouble? posted by morricab on October 24, 2014 at 00:39:39
... What a load of xenophobic drivel.I phone my broker, hey, see how much you can offload my stake in XYZ company for.
Hey, Mr Sox, I have a buyer, one hundred dollars per share. I say sold!
Ooops, excuse me Mr Broker, if it is a Chinese company tell em to shove their offer up their rice hole.
Before your sneeze all over yourself, YES, I know it doesn't quite work like that when offloading parcels of privately owned companies but the principle is the same.
It's good to see xenophobia is still running strong around this place.
EDIT; See link. It seems the horrible founder of Dynaudio sold out to see his vision continue. The greedy bastard! LOL
Smile
Sox
Edits: 10/24/14Follow Ups:
.
"I phone my broker, hey, see how much you can offload my stake in XYZ company for."
You still phone a broker?! You DO realize this is 2014?
Sorry, forgot, you're in OZ.
:)
... Enlighten the board with how you sell unlisted shares in a private company?
Duh!
Smile
Sox
Here we go again with the devils advocate trip. You remind me of Phil Donahue. I am sure you have no idea who that is.
... You say;
This dude is behind on a lot of stuff.
Just answer the question;
Enlighten the board with how you sell unlisted shares in a private company?
Here is a hint, you need to phone a broker or meet in person with a broker.
Smile
Sox
Btw- Phil Donahue was a talk show host in the states in the 70's and the 80's. His Schtik was to always play Devils advocate on the show. Similar to what you do here.
Of course I know who Phil Donahue is.
Your idiocy is well known around AA but stay on point sudz.
In your eagerness to impugn me all you did was highlight how ignorant you are about how business works.
You charge me with;
This dude is behind on a lot of stuff.
So again, how about you put me straight and answer the brain-dead simple question.
Enlighten the board with how you sell unlisted shares in a private company?
Smile
Sox
Your a god dude. Everyone here knows how smart you are. What I can't understand is why you feel the need to always prove yourself. That is the real important question of the day.
... Rhetorical ol' son, rhetorical.
Smile
Sox
To your question.Nothing in your earlier post suggested you were selling shares in a private company. How were readers supposed to know that, or even assume that? Once again, your self-important arrogance and condescending attitude are on display, which is why I rarely reply to your posts.
Around here (meaning the USA), brokers generally cater to folks who have an aversion to trading online - people who like to do it the old-fashioned way - or don't even have a brokerage. Also, VERY large clients will have a broker. I used to use a broker on the phone at Merrill Lynch - back in 1990. LOL You must be a VERY large client, which accrues to your self-important god-like image of yourself.
Also around here, a broker rarely has a buyer AND a seller for private company shares. Mostly, such transactions are initiated between the buyer and seller, and handled by their attorneys. Of course, all stock transactions must go through the SEC and/or other government agencies, and so brokerage firms often get to play a role, if only to be sure someone didn't screw up and violate some damn rule. But "call my broker"? Ha!
The last time I was offered shares in a private company was when I worked at JPR (Joiner-Pelton-Rose) audio/acoustical/noise/vibration consultants. Ha! I declined. Within 4 years, the company went under, although it had been around for at least a couple decades. Although, Russ Berger went off and did his own thing and is very successful, and Jack Wrightson and Jim Johnson also did and are very successful. I went into the personal computer biz, and was very successful. David Joiner split town and went to the Austin area to set up a new company.
Now, if I were offered shares in, say, Chick-fil-A, I'd probably go for it. Dan Cathy, the COO, is a big jazz fan, as am I. But I doubt either of us would be calling a broker to say "buy!" or "sell!".
Edits: 10/28/14 10/28/14
And stop with your faux indignation.
You were trying to take the piss out of me but instead you pissed all over yourself, dummy.
Before your sneeze all over yourself, YES, I know it doesn't quite work like that when offloading parcels of privately owned companies but the principle is the same.
FFS
Smile
Sox
Eye-yie-yie.You are damn near as good as Obama at burying a word in a paragraph.
It's almost like Hillary Clinton saying "good" healthcare. I picked up on that. Many others didn't.
:)
Edits: 10/28/14
This dude is behind on a lot of stuff.
Why Xenophobic? I think it is sickening that they sell at all, not necessarily to the chinese. Regardless of who it is to the guys at the top just want to cash out and don't give a rat's ass about the future of the products that come out of the company.
China will probably teach them a thing or two...but I doubt it will be about making better speakers.
... Because oh yeah, if Dynaudio had sold to a Danish audio company I'm sure you would have posted exactly the same thing. No? Kid yourself if you like, your comments are obvious.
As people get older what do you expect them to do?
Got any rational ideas on how a person who starts a company retires?
You say "cash out" like it is a bad thing?
What is this idiocy you imply about the founder of a company having some obligation about future products? Sounds naïve in the extreme to me.
China will probably teach them a thing or two...but I doubt it will be about making better speakers.
Sounds arrogant to me.
Carry on.
Smile
Sox
Depends on the nature of the Danish company they sold to. If that other company specialized in, let's say washing machines, I would probably have a negative comment to say. If they had consolidated with Dali I don't think I would care much.
BTW, in Europe there are many old Breweries that have carried on with traditional recipes for centuries...so continuity when the original owner retires or dies IS possible.
Cashing out isn't always bad but in this case it means probably wholesale change in the business he founded...like the sale of Thiel once Jim Thiel died. The new products don't even remotely resemble the products that the company built it's reputation on.
"What is this idiocy you imply about the founder of a company having some obligation about future products?"
Not idiocy at all but companies that care about their reputation more than profits.
Not arrogance, experience with Chinese products. Sure they are improving and will one day reach the same level of craftsmanship...but they aren't there yet.
... How successful Dynaudio is in the future. My guess is their future is bright.
Dynaudio is 37 years old and comparing it to breweries is silly. I doubt any speaker/audio company founded in 1977 will have the same traditions of manufacturing audio gear in centuries to come. Time will tell LOL.
I'd also say Dynaudio speakers are better today than they were in 1977. YMMV.
"Cashing out" is inevitable. There is rarely an alternative, except maybe going broke.
You mention Thiel, are you suggesting Thiel was uncaring because he died? Enlighten me about what YOU think should have happened after Thiel
died and how your views about Thiel would be implemented?
Some manufacturing in China is world class. Like in every country there is good and bad.
The irony is it is the insatiable greed of the West which has most empowered China. China can't force anyone to buy anything. But the West loves making money with China, as they should.
Lastly, I think you, and many others on this site, are ignorantly & arrogantly impugning the character & motives of Wilfried Ehrenholz for no other reason than your intrinsic hate & fear of China.
Smile
Sox
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