You are probably the only investor feeling that the management has no credibility problems....the trust between board/management and shareholders is broken imo. Neither side trusts each other, and not surprisingly, neither side profits as fully with the lack of it.
Had the board proposed 1.5 million new shares this year, and explained shareholders what to expect from next year and beyond....then, we could probably have been close to reaching $10 during this rally rather than $6.
It wouldn't have made any executive poorer had it considered to align with the interests of shareholders a little further.
The package of 2 million shares shows to me that the board doesn't trust that investors will trade this stock up to the levels of $10-13.5 where insiders bought last year. It's a complete surrender imo....unless the shares are gonna be allocated a little more broadly than last year.
The message thus far is however, we don't believe in the stock and in the shareholders....so,the board and the management don't trust us as well.
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