My understandung of thw corproate governance around estates and transferring of shares is suspect at best but how it was explained to me the survivors of the estate could liquidatetheir holdings individully without being subject to being an insider/5% rule assuming they individually did not inherit more than 5%. It is murky at best. Tht being said, there has been undeniable, systematic liquidation for years since they have passed. Dempsey had the $6MM payoff disguised as a stock buyback but those shares would have been absorbed years ago. The current insiders havent filed Form 4s. So - where could that many shares be coming from...? Unfortunately, I have over 1MM reasons to hope your scenario is correct (Simons interests lining up perfectly with common shareholders). However, if that is the case nd he is a saavy businessman- WTF is he allowing his company to be systematically robbed through ridiculously bloated SG&A and get the virtually same summary quarter after quarter...? Why does he not clean house and remove the pigs from the trough?
The company generates enough cash to pay salaries and bonuses and thts it. Every acquisition they made they claimed was accretive. Yet, they havent made money from since 2013(?). Netwolves brought revenue but still isnt producing earnings. When are those synergies supposed to bear fruit?
I would love to go back to being positive but I just am not seeing it. Why would Simon let this continue with his ownership/control? He makes very little as a BOD member vs what his stock could be worth. What gives...?!
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