Milen... I don't disagree but differing opinion are very useful and in my opinion you are discounting the fact that Mr. Fox gave himself a really fat pay raise. That will offset any potential losses in the share price especially in the short term and it does nothing to benefit shareholders. Point is that as long as he is not informing shareholders these types of questions will be raised as an issue. And by the way I have no issue with a CEO being compensated well, I just expect him to answer shareholder questions and explain himself on a regular basis. Also as a shareholder we have a right to ask questions even if they are tough.
I have been in this stock for about 3 years and the questions being raised have always dominated discussions regarding the company. The one way to put a lot of this to rest is to address the shareholders directly and provide answers and set expectations. In the first year he did this, but since he worked the deal with oilpods he has elected to not meet with shareholders. It was good to hear him announce he would be holding a shareholder meeting in Aug/Sept but here it is August and no update on when that will be. I have heard from a couple of folks that IR is saying it won't happen until November. But again there is nothing formal that announces this. So we are left to interpret this on our own and at this late date the rumor is looking more like fact.
So while I agree Mr. Fox has a lot of shares and will definitely benefit from an increased stock price it does not negate the obvious issue that little is being done to promote us to the Market that I can see. For a company this size and at this point of development I think Mr. Fox is being handled pretty fairly by his shareholders but not asking the tough questions is not the way to go here. Good news won't move the share price and shareholders should be asking why. And the CEO should be explaining to us what is plan is to make this investment move in a more positive direction. In the past he has been quick to point to the upward movement of the price but in the last year that has not been the case so it is time to provide some answers on how well the current plan is working and what the plan is going forward.
Any body hear any new info on moving off the BB onto AMEX? There were rumors that was the whole purpose of appointing a BODs. But again this is just a rumor that the IR folks leak to only certain individuals. Not the best way to seriously promote a company in my opinion.
jktdet
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