No lynching at all Indy just the need to take a long look at leadership and determine if our CEO brings credibility, optimism and positive belief going forward and that he has the absolute best interest for the shareholders and a vision we can grasp.
Sometimes a change in leadership helps restore morale and direction, aids in creating a new bond with shareholders and a better chance to grow.
I'm sure since Glenn's legacy in these four years is approx. a 95% reduction in share price he realizes there are plenty of us none too happy as events have unfolded. The selling here should tell all of us that and the lack of support by our funders to hold .007 is obvious as well.
If you really wish a list of laundry to debate we can engage specifics but there are apparent models like dilution, share price valuation, funding, communication, IR and enhanced investor participation, that lead me to this conclusion as I consider them failures all in all. Nothing against the individual just a desire to see someone grab the reigns if possible that can engender some enthusiasm along with his/her set of milestones.
I suspect he is likely to survive as CEO for now, but I think he should realize that there are many, many unsatisfied shareholders with his legacy to date. In any case with this kind of demise in share price most ordinary companies would seek and demand change. An active BOD with real concerns for the company and its shareholders has been just as necessary and sadly missing.
Many of us fear a reverse and that would be like destroying everything you have already burned down to pint size already. We need to be reassured that our CEO wants to build this up and create a real share price before any discussion of a reverse takes place. That issue has not been addressed at all and looms over us every day as shareholders.
