"Do you find it normal for a CEO to put out these Dear Abby blogs?"
I find it a misjustice of time spent talking chatter and instead should be closing deals that create shareholder value. I find his actions in blogging a cover for neglect and lack of execution. He disguises himself as being transparent. He is so see through right now that not even he can see himself with all the stories told and the inability to prove it to the shareholder. I find it reprehensible .
" it appears he is buddy buddy with the shareholders they feel like they are his friend and they can trust him"
It doesn't just appear, it is a blatant act IMO. He has nothing to show for what he has "worked" so hard on.Nobody is here for the buddy buddy stuff. Everyone here is in to make money instead they get 6 years of euphoria blogs and dreams and again, nothing shows up in the results column.
"Smart move on Eric's part but it can be very costly for shareholders that fall for the ploy"
Ploy? I call it a well conceived plan or strategy to see that he gets his pay check.This loyalty to the shareholder he speaks of re: financing is IMO hog wash. Loyalty lives in his right rear pant pocket and will continue that way.