Friday, January 22, 2010 12:47:45 PM
Everyone invests for different reasons. Some are long term, some are short term, some go on speculations and others on fundamentals. Regardless, all of us are looking to make a little (or a lot) along the way.
It is totally the responsibility of a Shareholder to raise questions, challenge management and demand performance. Especially on a pink sheet where there is not a real Board of Directors doing it for the shareholders. If HH does not like it, he should not be the CEO of a public company.
I believe all of the concerns raised by Aston are totally legitimate. I am frustrated with endless promises, but no real results. Almost all PR's are telling about what may be happening in the future, not what has happened. I would like one to finally say "We did something. Money is in the bank. We officially own x% of this company." Not more "funding is on the way. We plan to purchase a company we will tell you about later."
I am not naive that posting critical comments may influence some investors, but the "real money investors" do not read these boards, and if they do, they know that most posters are smaller investors that do not have significant influence on share price.
I do believe that the discussions are important. Raise questions. Debate. Pinkys need this for accountability. HH needs to know what peoples concerns are.
I realize that deals this size are hard to get finalized. The ball keeps moving. CEO's have to adapt. I give HH the benefit of the doubt in changing his strategy and banks. However, he needs to get a hit soon or the game will be over.
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