david wilson

Aether Holdings: Perennial Loser

I can't agree with you more that Aether's managment (David Oros in particular) was garbage. But your commentary here ContraHour IMO illustrates one of hte great mistakes of investing -- paying attention to changes in the fundamentals of the company, in this case leadership. You spent a lot of time talking about the past & the stupidity illustrated then, putting up a nice chart etc., that you dind' apparenlty have any time left to find out that Aether, through it's acquistion of UCC Capital two months ago has brought on Robert D'Loren as the new CEO, not only does he have NOTHIGN to do with any of Aether's past stupidity, he has a very extenisive track record that proves his success in this line of business he is entering. I think that's more relevant than the observation "the people who happened to be running this compnay int he past were morons, so whatever the management does in the futuere will be moronic" -- ignringthe fact it is completely differerent management, and this manager has NO EVIDENCE SUGGESTING his is a moron.

p.s. Jonathon, yes I was one of those people who bought when it was lower, though way before april, it was also under $3. I bought it holding my nose because I thought the management sucked (Aeth first came to my attention as a short too in the go-go days -- though alas I never pulled the trigger on it). But I bought because I realized the stock price was punished due to universal recognition that Oros was a f-up, and I hoped & prayed they'd eveentually hire someone who knew his a-- from a hole in the ground, and the market would respond. LOL, who is the contrarian here, contrahour or me?