re: crr, page-5

re: crr Swag,

You're question implies pure and simple bad faith by DP. The point is he was trying to maximise the company's interest and extract a fee from CRR which as I've suggested was not a bad idea in the abstract.... if it was possible.

However, in the actual context of the financial crisis and the demeanour of Mr Zhao, it became obvious pretty quickly that this was a most unwise move in my opinion. Once it was clear that they were extremely annoyed that should have been the end of it.

But as for Double Link DP had no duty to talk to Double Link for obvious reasons other than to get some feedback about how the Chinese were reacting in their own language.

DLink was simply an agent and of course had an interest in the outcome. That was precisely why they kept out of the picture as far as possible. They are professionals and didn't want to be seen to influencing matters.

This point brings up the whole colour of Hot Copper posts and the way it functions. It is has drifted into a grafitti mentality. In the real world even arch enemies in business manage basic civilities. Business may be another form of war but there are rules of engagement.

Hot Copper posters seem to mostly forget this. If it is used simply as an abuse forum there is almost no point for several reasons:

1) the argument if there is one is drowned in the abuse.
People who might be persuaded by the logic are revolted by the self indulgence and spleen.

2) All postings are also disclosable and therefore ultimately actionable. It isn't smart to be abusive no matter how much it seems justified.

3) It excludes people who believe that association with Hot Copper debases their own currency.

4) It encourages people to reveal confidences that were meant as confidences.

For those reasons that's my last posting on Jervois.