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Saturday, February 06, 2021 8:07:17 AM
Well said. Lawsuits will do more damage and not result in any gain. Best to exert pressure on social media and dent (temporary) their coveted image. We all know they are HIGHLY sensitive to that.
In my view, they were caught off guard by the shareholder reaction and tried to hastily do damage control with Stephenson's post. That was a flop and only served to heighten frustration (mine included obviously). They'll need to hit the markets with a PR Monday, preferably in the morning. That will hopefully get us on the path to the price range you mentioned. Could have been multiples of that, but their genius advisors steered them down the wrong path.
Companies seemingly always focus on how to divide the pie more than how to grow it. They would have generated a much better "return" on their action by not doing the RS. I still have hope that they see the error of their ways.
Still plenty of time to course correct, but Stephenson needs to see the error of his ways.
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