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Thursday, June 23, 2022 10:33:49 AM
Without a higher share price, he can't leverage those shares to do much of anything with them. I mean, a billion shares is worth what, $600k? Let's say he wants to use the stock to purchase a $3m company. That means he is paying 5 billion shares of incredibly undervalued (or at least underrepresentive of sales) stock. That incredibly inefficient.
Nope, he needs a good manager to come in & fix things. If Berge is so in denial that he doesn't understand why no one wants his stock, he is in no position to run this company.
If only he would become desperate enough, for whatever reason, to sell his controlling interest. Then retail could boot him.
Perhaps we could sue him for mismanagement. Hard to prove when sales are up & expensive, but I'm out of ideas. Christ, we have all told him the problem & how to solve it, but either he doesn't want to hear the solutions or doesn't want to share the increased "profits" from the company.
And until he changes something, retail will keep punishing him.
The beatings WILL continue until moral improves!
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