TOB, if I was Peter Ntephe, an Oxford graduate, and still unable to communicate as a CEO is supposed to with the public in a way that does not breed distrust, then I too would be on track to become an SEO lackey unable to find a job anywhere else. Would I really care what someone on a message board says? I guess I would care only if what is said can come back to haunt me in some lawsuit.
So if I were Peter Ntephe, what I would do is hire a pompous wannabe trader “expert” who thinks he is a lawyer, a psychiatrist, and knows something about Black Sholes, but really is none of these. I would hire him to talk down to the minority shareholders and thereby reflect my view of them vicariously through this trader. This trader would have a fantasy view of making emotionless decisions, while ignoring the fact that a bad communicator CEO is responsible for the stench of distrust amongst its minority shareholders. I would then ask this trader to try to place the blame on them, laughing at them.
But what’s funny is that thanks to the dumb placement of shares for a mere $2 million and free warrants, my trader will be stuck at the same price like everyone he mocks until those 10 million shares are absorbed, wasting his time, when better traders are making money on copper or gold futures.
Even though I hired him, if I were Peter Ntephe, I would indeed laugh at the trader and go about my serious business of making stuff up, and pretending that my minority shareholders are too dumb to know what’s going on.
That's what I'd do if I were Ntephe. I'll bet that trader guy would be getting more animated and vicious in his attacks right about now, as he realized that he too had been taken advantage of by "Peter the Great".
It seems the shoe fits.
Where is the BOD oversight of Peter Ntephe? Shareholders need the Boards protection NOW.
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