Many years ago I discussed that exact question with management, with all the secondary offering as we were doing eight and 10 years ago, why not share some of those offerings with a long time shareholders that of support of the company. The answer from Matt he meant was that the long-term shareholders weren’t sophisticated enough to be able to participate in that kind of a transaction.
I found it quite troubling and extremely disappointing that management had no real value or loyalty for the non-institutional shareholders. I guess as I look back many years now it was probably the best thing I could’ve done for us because that investment would’ve been nearly worthless today.
For many years I have been saying that nothing will happen with this company until somebody goes out and sells something. Eight years later, we really haven’t sold anything.
I am out, I’m done, time to sell. Good luck to you all
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