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Alias Born | 03/11/2013 |
Wednesday, November 18, 2015 9:19:35 PM
It is a public company and she is the CEO. She can make whatever decisions she believes are appropriate for the company so long as they are legal. But it isn't a democracy and we are stuck with them and she is under no obligation to answer any question that is asked or justify any decision she has made. There will be cases when she is legally not allowed to provide information. We knew all this when we bought the shares and it hasn't changed since then.
We have all had the opportunity to sell and many of us could have made a profit along the way if we had sold and rebrought shares as appropriate. We chose not to as we had a bigger profit in mind; we were greedy myself included but that is why we are all here.
At the present time we have three options.
i) Sell and wear the loss or take the profit it generates
ii) If you believe there have been illegalities contact the SEC, or
iii) Allow her to run the company (with or without ceasing the complaining but it does no good anyway) as she sees fit and is legally permitted to do as she is the CEO.
I am miffed at the present time as I have a bucket of money in invested and I also query some of the decisions made, but I am still confident that there is a product and it will sell and I will make money.
OBP.
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