"If you are prepared to vote "no," then you should consider that you know more than GTC management, and thus, should probably sell your stake and move on to greener pastures.
Get over it.
Thomas "
This recommendation of Thomas to shareholders implies that shareholder rights are limited to buying and selling shares of the company. Fortunately for shareholders, Thomas has no idea about how it works. Management is liable to the shareholders, because it is the shareholder who owns the company, not management. Management must be transparent in all they do on behalf of the shareholders and provide enough information to justify their support.
Secondly, if shareholders have given their verdict about how this management has performed, I think a pps of $1,19 says enough: very little confidence.
Finally, the shareholders here on this board (and let me talk for myself) have been supporting the company for many years and have weathered periods of great delay and uncertainty. On top of that they have lost large amounts of money on their initial investment. To advise them not to exercise their only shareholder right (voting power) and look for greener pastures, reflects a total lack of respect for "hard core" shareholders.
I sincerely hope management does not think this way.
