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gttouring, as I understand it from reading his comments here and there, Vannini feels like the shareholders have been screwed by management, possibly illegally. In the OWRS/CART proxy statement released today, it shows projections for '03, as of late August, at $134.8 million in expenses and a loss of $83.7 million for '03. It may be his contention that CART burned the cash to make it attractive to private investors to purchase, lowering the stock price because of the diminishment of assets, to the detriment of the shareholders. When it went public, then it has answered to shareholders and it appears at times that Pook and the BoD play pretty fast and loose with the shareholders' money. For example, does it make sense to splurge on lights at Milwaukee and Cleveland and buy Miami when it's financially supporting all the teams to have a grid and put the '04 season in peril? Some wouldn't think so.
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