I met with the MPIX CEO, Victor Siegel, while I was on vacation in Miami last week.
One of the prominent shareholders who is also on ihub helped me get the meeting. I send this shareholder my thanks and gratitude for getting Victor Siegel to agree to meet with me.
I was able to meet with Victor Siegel for one hour. Victor is a nice guy, very approachable and accommodating as he met me at 8:30am sharp on the weekend at the airport which was not close to his house, and waited for me to finish checking in. We discussed 11 topics in general over breakfast based on the questions I wanted to take up with him; so I basically lead the conversation with my questions. I appreciated how he refused to give me details which I did not want as I wanted to keep everything legal.
I was satisfied with his answers which were realistic and cognisant of the current situation and stock price. I appreciated that he did not sugar coat things. Since I am down 75% like the rest of us, I expressed to him my concern about the pps which he understood. We talked about why the stock price was low and he gave me his perspective which I understood.
Victor emphasized to me that his reputation is important to him. He has put a lot of time and energy and he is not here to mess things up. This is his first public company turnaround and he believes that building the company and the fundamental value of MPIX will naturally help raise the pps in the long term.
I am not posting any details of his answers and now more than ever I will continue to cut through the negative noise on the boards and look forward to the long-term future.
Go MPIX!
Buy cautiously and sell reluctantly.
