Comments on: Sony and Fuji ready to acquire Olympus shares?

By: Anonymous

Anonymous — Fri, 23 Dec 2011 19:04:37 +0000

I’m not going to continue to debate point by point with someone who uses deflection, non-sequitors, invented facts, and who now is accusing me (quite incorrectly) that I think that businesses shouldn’t pay taxes. Where you got that, I have no idea, because it’s 180 degrees wrong.

Your logic is there for everyone to inspect. You continue to seem to think everyone should just look the other way and let Olympus do whatever they have to do behind the scenes to bury their mistakes. Basically, your position is that “saving Olympus as it currently exists is worth more than anything else,” including following rules and living ethically. The problems, according to you, are Reuters, Woodford, American investors, and me, and not the fact that Olympus basically shortchanged their investors, lied, violated laws, and has a tainted board and management. Worse still, under your “solution,” basically no punishment would be dealt out to those involved.

By: YouDidntDidYou

YouDidntDidYou — Fri, 23 Dec 2011 08:59:07 +0000

@Thom Hogan
I think you’ll find that ALL the posters carrying on in your vein are American Raist3d, MichaelJK, Fish, ckb and only visit 43rumors to bad mouth Olympus( with the exception of fish).

By: YouDidntDidYou

YouDidntDidYou — Fri, 23 Dec 2011 08:54:51 +0000

@Thom Hogan

1. the shares don’t have to be sold to a single party and also they could always buy back the shares at a later date.

2. Mostly Reuters (really sensationalise the story and throwing out wild speculation) is trying to crucify Olympus. Bloomberg, the FT, The New York times have generally been impartial.

3. “How do you reduce debt by Y246 billion with profits of Y69.3 billion? The only way I know how to do that is with asset sales.” so you were wrong eh?

4. “They’ll succeed or they won’t; what we write or the media writes won’t change that.” so why are you bothered then?

5.dpreview is owned by Amazon (american), 43rumors isn’t UK.
Every single negative thread opened on dpreview on the Olympus affair has been opened by an American.
What I would like to know is what has Olympus done so wrong to the USA?

6.Olympus didn’t break any laws until the period between some point in 2007 and March 2008 that is the fact at this moment in time.

7. erm you seem to think it’s OK for companies to avoid taxes, so touche.

Investment funds who buy shares are speculators and no fund puts all their money into one company.

8.”Woodford could have dealt with this whole situation from the inside” from me, “You have a short memory” from the honourable Thom Hogan.
Obviously I don’t have a short memory, what I was thinking is that he could of weighed up the situation more (I find it absolutely incredible that he hadn’t figured out what was going on when I could),replaced the board and brought in changes gradually instead of taking up his position and acting like a bull in a china shop.

9.”Instead, you perpetuate some convoluted conspiracy theory that involves US press, US banks, and Woodford.” erm 1 media agency (reuters), what banks? they are investment funds and no, I have suggested Woodford is being used …but that’s OK I accept your apology.

By: john

john — Fri, 23 Dec 2011 08:52:32 +0000

I would think most people are like me , I own an E-5 and collection of Olympus lens , When they upgrade the E-5 I’ll be the first to buy. This other stuff is just business. The U.S.A. is 18 trillion in dept mostly to doing business as Olympus has , I’m not moving.

By: Olympius

Olympius — Fri, 23 Dec 2011 05:03:00 +0000

@Thom — I thought the maybe this time, the Japanese would step up and get serious with Olympus in regards to their fantasy accounting methods, rather than fall back on the “good old boy” network to sweep this other the rug. Because this particular scandal was, from the outset, an international incident involving the UK and the USA, let alone certain interests in the Cayman Islands, I though for sure the Japanese government would act boldly and swiftly, along with the Nikkei.

But it seems that you are correct, back room deals will be made, and Olympus will come away from this a bit humbler, but without any serious backlash.

The restating of five years worth of financial reports is grounds enough to get them delisted….how do allow any company to get away with something as fraudulent as that?

Oh well. Perhaps the only punishment they are going to get is if people stop buying their products…

Samsung is making some really interesting camera and lenses now-a-days….certainly worth a serious look….as is Panasonic….

- Olympius