Food for thought.
This morning someone insinuated that the company was ". . . running my investment into the ground . . ." and someone this afternoon accused CB of ". . . killing the shareholder value . . ." Now, I realize I am jousting with windmills here, but it seems to me we fail to truly consider the effect our own posts may have had on the shareprice. Let me explain.
6/8 - The closing price before the R/S was announced was .064.
6/15 - The closing price after one week, more than sufficient time for the "market" to analyze and act on their evaluation of the R/S proposal, was .047. That was a .017 drop due to "market" reaction.
We, the posters, some of whom are not even shareholders, need to accept responsibility for contributing to the further drop in pps. The continual arguing of exactly the same points, the lack of respect for other opinions, the personal attacks, the repeated accusations and innuendoes, talk of shareholder revolts, threats of legal action against the company, etc., have all contributed to the pps continuing its drop. I challenge everyone to check own your posts of the last two months and consider both the tone of and the sheer volume of your posts. What would your reaction be if you were a new investor who knew nothing about AMEP and read your posts? Today's close was .0195, but it would have closed at .0165 without a last minute (literally) surge. That is a total additional drop in pps of .0275 since the "market" made its adjustment. How much have we contributed to that additional drop?
When I returned from vacation 7/9, the closing price three weeks after the initial "market" reaction was .0215. Since that date, the pps tried twice to recover with a closing high of .025 on 7/10 & 11, then down followed by a new high of .0259 on 7/16. Since 7/16 the pps went steadily down until it closed at .019 on 8/1 when it tried again to recover after the 8-K explaining JB's note.
I think most people would agree that there are parts of the proxy that we may not like. Some feel the BOD should have never requested the R/S in the first place. Fine, but they did. Others feel the proxy should have been revised or withdrawn. Fine, but it wasn't. It is what it is. Vote on it and let the people that hold the shares decide. Please, let's not continue to trash ourselves and our own money in the process!
AI
