Sunday, July 23, 2023 11:07:58 PM
I actually had them pegged at the ASM, and the price had gradually declined by over 40% since that time in any event — so there’s your big drop in the share price anyway; but it in slow motion. They would have been better taking the full hit upfront, and then becoming more proactive with their communications going forward to improve shareholder confidence in the company’s outlook. Granted, there’s no perfect alternative, but shareholders do have a right to reman informed. Right now, the trend is downward and there’s a lot of fear.
Also, after reading the message board this weekend, if you weren’t a long term investor and new to this stock, would you buy any shares, or buy at least as many as you might otherwise? The information about this company and its stock is a sh** show right now. And my guess is the answer is no.
This also gets to the lack of buying versus the fear that results in selling. Maybe less uncertainty and better communication would encourage more buying that would offset the selling that we’ve been experiencing?
What Linda and Les are doing now is not working.
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