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Re: spartansaver post# 14922

Thursday, 07/18/2019 7:19:28 PM

Thursday, July 18, 2019 7:19:28 PM

Post# of 15276
Hey man, I know that the knee jerk reaction to mentioning Steve is to get pissed off. (He cost me a lot of money and I've had a bunch of funds tied up in DSNY for a lot longer than I like, I'm not a fan of his either.) But you're missing a couple things here.

A) I'm including all of the new "directors" in my numbers, including the new one they just hired per the call. I imagine that puts us way over the $483k number.

B) That is besides the point. The point is that there is no clear road map to making large increases in revenue. $100k less in executive pay? Still same ballpark and still same results: not moving the needle on revenue and income. Its been the better part of two years under Fred and there has been minimal impact on DSNY's market share in the Play MPE arena. I'm a big Fred fan so far, but at some point I need to hear a plan to dramatically bump up revenue and not just "we're going to incrementally improve the product and hope for the best." My post below was merely a suggestion that shareholder value may not be maximized by continuing the firm as a going concern if this doesn't happen soon.
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