Sean boy, what exactly was conciliatory about his comment?
I would've been much happier to hear him say something more in the tune of, "I think our stock is undervalued given our guidance going forward and the prospects for our business plan and pipeline of opportunities".
Like I have been saying for the past many many years, management has no skin in the game with this company which makes me wonder why? Free options and free stock does not constitute management ownership in any committed way in my mind.
This company's management as well as its Board of Directors has had ample opportunity to buy stock in this company on the open market if they believe that the future potential they're trying to convey was real. Many investors that I trade with believe that insider ownership is probably the most significant key metric of the value or potential value of the company. Management isn't willing to own the stock why should other investors be interested in owning it either.
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