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Thursday, April 10, 2008 10:18:45 PM
A shareholder action group deters potential new investors and even current shareholders from buying the stock.
Current longs might sell. As it appears in the action today..
Could scare off potential franchise interest. Lets say your ready to hand over your cash and invest in a franchise and then you hear about a shareholder action group.
Could impact current or future deals the company is working on. Perhaps H3 is working on a big deal with MS or trying to bring in Russell and they hear about this 'group'.
The company could dilute to reduce the potential impact of a shareholder group.
It wastes company time and money that could be better spent elsewhere.
Dr. Ben stated already he expected to hold a shareholder meeting around June.
Lets say hypothetically, you were able to actually get a legitimate group formed....then what, you boot some people off the BOD? Then what? Then a disgruntled ex-board member dumps all their shares. Are you going to run the company? Do you have the money and the contacts to make things happen quicker?
The first store has barely been open a quarter. They have plans for a second location in Miami. They are working on a potential deal with MS. They plan to open more stores this year with expansion internationally.
Focusing on those things instead of rehashing mistakes of the past is what will encourage new buying and move the price up. Trying to tear the company down is only going to lead to a continued erosion of the share price.
All an 'action group' will accomplish is to continue to create a negative sentiment on the board and surrounding the stock.
All just my opinion...
...........
"I hope some animal never bores a hole in your head and lays its eggs in your brain, because later you might think you're having a good idea but it's just eggs hatching."
Jack Handy
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