SURE! Another letter-writing CEO. Why did HE SIGN $1 shares over to insiders then?
Who did that? CRAMER?
NO my friend. A CEO that thinks his company is WORTH BILLIONS, or even $350,000,000.00 knows better. Moreover, WHY UNDERCUT loyal long shareholders who've STUCK BY HIM for ELEVEN YEARS....? First, through a REVERSE SPLIT & the SECONDLY for those who may have bought the stock at $10 to $12...???!!
Why undercut them? This CEO is a DISGRACE! You don't CRUSH SHAREHOLDERS CAPITAL by selling $1 shares in a company you think is WORTH BILLIONS & you don't C-C-CRUSH shareholder value by gifting 90% discounted shares.
You DESTROY YOUR COMPANY, undermine VALUE, & CREATE the DILUTION & devaluation. But, if you can just R/S, rinse & repeat then why would you care? Already did it ONCE BEFORE! Didn't he?
LMMFAO... Those supporting these actions are SANCTIONING them,... & therefore are SUSPECT imv either as "insiders" themselves, perhaps those who've GOTTEN shares, work for the company &/or may be BAGHOLDERS themselves because taking a position IN SUPPORT of these actions is INDEFENSIBLE!! Criminal,... imv.