Wyatt Lee, let me tell you:
1- Shareholders see a distracted CEO who focuses more on his hobby (racing) and insists on attaching that hobby to the company while the main products of the company do not receive the same attention.
2- Shareholders get the perception that the money of their shares are being poured into racing to satisfy the desire of the CEO (whether right or wrong, for newbies, this money comes from the company!)
3- As a result of the above (no production, no sales, and a lot of buzz), when money dries out what is the logical move? Dilution to get more money (more easy money).
4- Time and effort (if not also money) wasted on racing would better be directed to production and sales.
5- Every time the anticipating and anxious shareholders receive a PR but then get frustrated after finding it about racing or any other irrelevant issue, it lowers the moral and helps in devaluing the PPS. It also increases the belief that the company has nothing real to talk about or they would've done it.
And I can go on and on.
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Posted by: Wyatt Lee Date: Wednesday, September 16, 2009 10:32:59 AM
In reply to: greedfl who wrote msg# 83534 Post # of 83538 [Send a link via email]
Please explain how this does harm??
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