Role playing, put yourself in Meaney's shoes. What to do? Several years ago you were excited for MKRS. Prospects looked really, really promising. You implemented Henry Silcock's idea to convert all Preferred to Common shares which saved money and improved profit. You announced on a GeoInvesting video that we are expecting MKRS to experience a quantum leap in growth. We all got excited that Daniel Zeff bought a 5% interest. The stock price went up.
Then you made a serious business error hiring your son-in-law, making him a VP. Then you made another blunder promoting him to President. Then you placed him on the Board of Directors.
What do you do to correct the situation? If you terminate the son-in-law do you convince the Board to give him a golden handshake? How to explain termination to your wife and daughter because it will rock the family relationships? Maybe it's better to be irrational and tell stockholders that shareholder value is increasing?
What if the Board (who represents shareholders) becomes restless, discontent, and sees the problem directly in the son-in-law? Who will speak up and broach the motion to give the old heave-ho to the son-in-law? If the Board does terminate the son-in-law that could give Meaney some cover with the family. Will the Board make a motion to take MKRS private so all concerned will be somewhat happy?
What stock price would please all concerned to go private? Meaney is cheap and the torture will continue as likely there will be a lawsuit(s) for a higher buyout price by Daniel Zeff et al. IMO, because the Board hasn't had an original idea historically.
