Though correspondence from a ceo may be reassuring to an investor, is it really the best use of his time?
We all know he just spent ten days in Seoul working on this merger and sat a very long time on a plane back to the states. I don't know how long the trip was, but I've taken a few 18+ hour flights and they are torture.(Scotch only dulls the pain) I doubt he has caught up on his sleep, but he continues to read and answer emails.(That is a saint in my book, I would have flipped out like our TA did a long time ago.)
My point is that before emailing it would be wise to ask yourself some questions.
1. Can he answer your question?
There are a ton of legalities to sort out in a merger, with those legalities come confidentiality issues, propietary issues, insider trading issues, and many more. Already today we discussed the fact that our CEO cannot legally speak for or comment on specific issues regarding Bioharp until the buyout is final.
2. Is it a realistic question?
Mergers take time, they are messy and often the tiniest of technicality is a giant snag. Handshakes used to be good enough, but that world is long gone. This merger has been in the works for close to two years, if it was a simple issue it would have already been finalized and most of us would have missed out on the run. I'm glad it has taken some time, two monthes ago most didn't even know this stock existed.
3. Is it a truly pressing issue that needs answered?
I'm guilty of this one, my concerns are manufacturing deals and sales figures. I understand that is putting the cart before the horse.
4. Do you really expect insider information?
Those are some legal issues that neither our ceo nor you really want to deal with. Any gains you make would be quickly taken away if noticed by the sec.
5. Do we really need Press Realeases?
No doubt the reaction to monday's press release was unexpected and was quickly countered by a second. Do we really want empty or meaningless press releases? That, in my opinion, only fuels the bashers mantra of "pump and dump." I'm already in plenty of stocks that have press releases every other day. It doesn't help the stock in the least. I understand nerves were frayed this week, but results matter far more than words and the results are being slowed down by having to constantly reassure investors.
We are all investors here, though we do own a piece of this company, we do not own the ceo. It is his job to run this company and he needs the latitude to do that. When I disagree with the direction or management of a company I sell my shares and refuse to buy the product if it has one. That is all I can do since I'm not on the board of directors. It is understandable to be anxious about the money you have invested, but are you helping or hurting your cause when you fill up the company's inbox?
Just some food for thought since we are facing another weekend. Thanks for taking the time to read this.
