Followers | 191 |
Posts | 6887 |
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Alias Born | 10/05/2010 |
Monday, September 18, 2017 10:30:09 AM
If management had the competence and cared about their shareholders more than the note holders they would have sold shares into the market and used the $$ to pay off the notes. The share price was well over .03 several times this year but even if they sold 3x10m share blocks at .025 it would have been enough to pay off all the notes proving their competence and commitment to shareholders; the share price would also probably be close to .10 by now. Instead they decided on the current course of action / inaction and wonder why the shareholders are upset; another sign of incompetence when it comes to being a publicly traded company IMO.
They are doing OK at running the business itself but when it comes to being publicly traded and dealing w/shareholders they are struggling to say the least.
All the best,
Knife
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