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  1. #1
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    Mar 2006
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    Calpine Corporation

    Pete Cartwright, ex Chairman CEO and David Kelley CPA , Pete sold shares just before the company went belly-up...these guys were forced to resign by the board because they blatantly broke loan indentures just to keep the company going...looks like a clear breach of their fiduciary duties to me...surely they are personally liable so is their chum Ann B Curtis head of the head of the indenture commitee...any views or help as to how we canbring these guys to justice appreciated..

  2. #2
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    Re: Calpine Corporation

    and cough up some of their ill-gotten gains to shareholders , believe this Pete has taken near to USD 100m from the company he bankrupted...

  3. #3
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    Re: Calpine Corporation

    Just want to say Calpine has great assets and the new management is working hard to rescue the company which has near to 91 power stations and is the biggest consumer of Natural gas in US...the problem lies with Pete, david and the rest of the previous board who clearly knew and should hae defended the shreaholder s interest from the blatant breach of the loan indentures by Pete, David and Ann...they must have known as clearly stated by court that they had breached loan indentures...

  4. #4
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    Re: Calpine Corporation

    Quote Originally Posted by natalswingers
    Just want to say Calpine has great assets and the new management is working hard to rescue the company which has near to 91 power stations and is the biggest consumer of Natural gas in US...the problem lies with Pete, david and the rest of the previous board who clearly knew and should hae defended the shreaholder s interest from the blatant breach of the loan indentures by Pete, David and Ann...they must have known as clearly stated by court that they had breached loan indentures...
    Calpine to come out of Chapter 11 with refinancing ...shares no worth USD 3...BUY

  5. #5
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    Re: Calpine Corporation

    YEs looks interesting...

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