It is in my opinion that using objective measures, Estrella has failed shareholders dismally. Very dismally.
Share price is about the single most important one that tells the story of dilutive financing, shares as payment for jobs terribly handled, ongoing shorting by enemies of the company, and alienation selling and lawsuits by ex-friends.
Survival was not the work of Glenn alone but by every positive funder and shareholder that helped. From Mr Phipps contributing bottom line growth and moneys, as well as others who put in money for the company's survival. IMO even this barely with a breath emaciated "survival" is hardly to be lauded after 4 years at the helm. The fact that Estrella had not till now addressed the questionable debt on our books, the growth of GTC and the Argus speaks for itself. The fact that he wasted so much time and effort and shareholder value and money with the bib and wasp, and then in the shadow of night sold what many shareholders considered our prime asset at the time for so cheaply from under shareholders without the openness and disclosure one would expect prior, during and after also speaks volumes.
What in the above measures is not objective? Shareholders justifiably want accountability. I personally would prefer if Estrella looks upon his own legacy in objective terms and quietly resign.
IMO it is the shareholders of this company that got badly lynched here (95% of their skin and flesh has been torn apart) under the watch and leadership of the current board (minus Drew) and Estrella. If we want a different result, and we clearly do, positive change which includes a major management change and shakeup needs to happen.
AI
