Tuesday, November 18, 2014 4:10:15 PM
First some background. I'm a SYTE shareholder who is not part of that shareholder group from the filings, I'm just an individual private shareholder. I started buying SYTE about a year ago when I saw them apparently starting to open up and start behaving like a public company (adding an outside independent director, holding a shareholder info chat, etc). But that was 2013, in 2014 it seems SYTE is returning to acting like a private company again: not holding board meetings, or even an annual meeting, not communicating with its shareholders or even its outside director. My questions are:
1) Why does management's actions not seem to bother the shareholders here?
2) Why the animosity towards the activist shareholders, who apparently just want management to do what they are supposed to do anyway?
3) What have the activist shareholders said/done that is wrong and/or bad for the company?
Please help me understand where you are coming from, because from the perspective an an outside shareholder who has only owned SYTE for about a year, your posts here are baffling to me. I'm not looking for an argument. I really am just trying to hear the other side, which I haven't yet heard and don't yet understand. Thanks.
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