First let me speculate - NOBODY on this board is satisfied with 19%, not for CCME. Let’s just get that out of the way.
I don't think that anyone is looking for a quick, un-vetted acquisition just for the sake of making some news. I trust that CME is going to make well vetted acquisition decisions that maximize ROI. That is why my money is with them. However, I would like to hear more from the company about timeframes, target markets, prospects, priority, etc. related to acquisitions since it was a key aspect of their growth strategy for 2010. I don't like the fact that we are almost in May and don't have much news by the way of their acquisition plans - which are supposed to generate $20 million in net income THIS YEAR.
Also, they could solve the whole concern about uplisting by giving us a firm answer regarding whether or not they do intend to uplist to NASDAQ and what priority the move is to them. Ideally, Jackie would respond with a firm commitment to uplist and let us know it was a high priority for them because it would benefit their current shareholders by attracting new investors. This type of transparency is something that is not unreasonable to expect.
I agree that one should have patience when investing. However, I don't use a patience mantra to excuse away unexplainable delays in a stock coming to an appropriate valuation while management isn't going all out for their investors. Fact is, CME has not been trading right and we need management’s help to improve the situation.
AI
