I Rebuke the bad and ugly:
And even the good. As noted before, I put a proxy war up for view on how shareholders are to behave when incompetent mgmt. is at the helm. Denver Smith, a well respected fund manager wrote a scathing letter telling the CEO of this BAD company to step down. Not asking. Demanding.
Denver Smith is at 8% ownership and is putting his money with his frustrated mouth according to his latest filing:
Date Entity Type Of Transaction Number of Shares Average Share Price
5/31/22 CRC Founders Fund, LP Open Market Purchase 28,000 $0.27
6/2/22 CRC Founders Fund, LP Open Market Purchase 100,000 $0.27
6/3/22 CRC Founders Fund, LP Open Market Purchase 4,927 $0.26
6/10/22 CRC Founders Fund, LP Open Market Purchase 62,400 $0.23
6/21/22 CRC Founders Fund, LP Open Market Purchase 43,929 $0.21
6/22/22 CRC Founders Fund, LP Open Market Purchase 17,500 $0.23
6/23/22 CRC Founders Fund, LP Open Market Purchase 16,000 $0.23
6/27/22 CRC Founders Fund, LP Open Market Purchase 7,250 $0.24
6/28/22 CRC Founders Fund, LP Open Market Purchase 42,707 $0.25
7/25/22 CRC Founders Fund, LP Open Market Purchase 38,414 $0.24
7/26/22 CRC Founders Fund, LP Open Market Purchase 35,000 $0.25
7/27/22 CRC Founders Fund, LP Open Market Purchase 45,490 $0.25
7/28/22 CRC Founders Fund, LP Open Market Purchase 175,000 $0.26
7/29/22 CRC Founders Fund, LP Open Market Purchase 20,000 $0.26
If he can do that, I will honor his presence with the same:
08/10/22 02:29 PM ET Buy 1250 IVFH Executed @ $0.2545
08/10/22 02:28 PM ET Buy 2900 IVFH Executed @ $0.265
08/10/22 02:26 PM ET Buy 1000 IVFH Executed @ $0.26
08/10/22 02:21 PM ET Buy 2500 IVFH Executed @ $0.26
08/10/22 02:20 PM ET Buy 3350 IVFH Executed @ $0.26
Over 10,000 purchased today. 61,000 total shares at a .306 cost avg.
One of two things happened: Denver Smith got Pappas and Bandera on his side for a coup d' etat. Or, Pappas and Bandera see lift off on this runway with their cash on the line and underwater.
Either scenario is good for me. We all crash and burn together. Or we become a Phoenix rising from the flames.
So, we have the GOOD (Fineqia), the bad (AVNI and IVFH) and the ugly (YBCN).
My fist in the mouth of all of them. Everyone dies. Or we all live long and prosper. The choice is all in Mr. Market's hands. He thinks he works for himself. But he works for me. And if I need to insert my foot into his mouth, then so be it. My retarded business partner.
Your fiduciary duty is not to yourself. It's to sharseholders first. Whether you are good, bad, and/or ugly is a moot point. This is a universal truth that is rarely heeded and understood.
