People have been vocal about Gregg Bigger recently, here is my take. I was going to say the exact same things as Tsully & DPS. I agree with their posts. What exactly is it about any stock price does one think they can predict? If one is so focused on the stock price, that's all one will see. If someone sold at a loss it's their fault. If one sold a profit it's their fault. If you bought in before the TransCanada contract you would have seen huge gains when we got the contract. If you didn't take profits it's your own fault. If one has personal financial problems and needs to sell and loses money that's unfortunate, but this is the stock market, not a savings bond. You should have taken some profits. In fact, most of the investors I know got in at .25 and have enormous 220% gains. So that's not good enough for you to hold on another 6 months or a year? I'm guessing the 2 investors on here with 500k also got in at .25 or .30. If one wants to blame a paltry 220% gain on Gregg Bigger then fine. But if you want to be a long term investor than you'd better start thinking long term or just get out, because you won't find what you're looking for here obviously. Harping on everyday about the stock price isn't going to make the stock go up. But what would be the motive for someone to do that? Are they short or trying to get people to sell? What's their motive?
More so what evidence does anyone have that Gregg is flying first class? Or that STWA paid for it if he did? Or staying at the Ritz Carleton? Or that STWA paid for it if he did? Or that he has an unlimited expense account? And brags about it? Was that person there? Do they know the context of what was said at the moment? No, because they weren't there. They could have been joking around. Anyone can make accusations, but where is their PROOF?
So are you worried about Gregg Bigger's compensation package? He is the one and only high paid executive in the company at $290,000 per year and he deserves it. We are not paying a team, it's only Gregg in management. He is likely working 15 hour days, retuning emails at 3am to different countries, 7 days a week, and probably never gets to see his children. You want to get rid of Gregg yeah? Well what other CEO are you going to find to work those hours and devote their life to this and work that many hours? Any CEO worth their salt will want a lot more to do what Gregg is doing. If this is successful and adopted by the oil industry do you really know how much $ the company could stand to make? And if it was told to you that Gregg was mainly responsible for making that happen would you still have a problem with his pay? Ha. Peanuts. He has reduced our expenses, and our burn rate is HUNDREDS OF THOUSANDS less right now than if Cecil was in the chair. His pay will not make or break the company and will not matter either way if we fail or succeed. If you worried about his termination contract ask yourself first why would we want to terminate Gregg? He's the hardest working CEO we've had to date. Imo Gregg knows were are going to be successful, so he negotiated that comp package when he came on board in light of what he knew is coming. He just can't say anything about what is coming because that would be illegal and put our potential contacts at risk. When this comes home you're not going to give a crap about what Gregg's pay is, because the company will be making money and so will you. Gregg is directly responsible for getting us a contract with TransCanada and earning us our first real revenue. We ALL know it WAS and IS Gregg spearheading the sales effort at STWA. Have we seen the fruits of Gregg's labor yet? No. Have we seen the tip of the iceberg with TransCanada? Yes. Things take time in the oil industry with a new tech like this. If you don't want to wait sell your stock and buy something else. Don't sit around posting and complaining all damn day, that won't make the stock go up, I can guarantee you of that. You know what will make the stock go up? Adoption of the AOT by TransCanada and the oil industry. What did you think? That this was going to be easy without time delays or hiccups? That it would be EASY and quick to ride a stock from .25 to $10.00? Think again. If you did then you'd better adjust your expectations. Like Tpsully said, we don't know what's going on behind closed doors, and Gregg said at the shareholder meeting that things would be quiet. I mentioned in my very long and detailed post (up in the stickies section now) and everyone knows that we are on the brink of having a major breakthrough with TransCanada. If one is not willing to wait to see what the outcome of the test is or unhappy with management you should just get out. We don't know what we don't know. I agree with FM- Let management do their job.
