Another positive is how they've trended towards making a few pennies per share.
The absolute joke of asking for a dividend is no company gives a dividend of virtually nothing from nothing.
Do they really want a seat on the board of directors?
It seems to me that owning 3% +/- of a company's outstanding shares is significant, but no where near worthy of a board seat. It's also probable that they have no qualification to be on the BofD except they have a lot of stock.
However, countless companies have institutional investors with larger share percentages than these people, and they aren't on the BofD, nor are they hostile.
So, these people are going to be hostile to get something they have not asked for in the PR.
A) a payoff to be quiet.
B) a buyout to go away.
I hope management pisses in the wind in their general direction. All these people can do is hurt all of the other shareholders.
But the squeaky wheel often gets some consideration.
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