"I guess the stream of text messages to my phone let me know that everyone is onboard. Pension for us not day trading. Raising our group share target again, advised IR."
HB, I can't help but feel uneasy with your activity and your posts on this message board. Why would you advise IR about this? You're just giving Solomon a blank check to issue even more stock, and we know how that has worked out in the past. Total destruction of the share price. For all I know, you could be one of the reason why we are trading (and issuing stock!) at these depressed levels in the first place. Also, who is to say that all these people actually buy the stock when they inform you about it? I have been informed that the buyers are coming from a different region. I have seen no evidence so far of anyone from your group buying shares. But I have seen evidence of Italian interest and from other parts of the world. Have you ever criticized Solomon for his dilution and dumping policy?
We as shareholders have a responsibility towards creating value for the long term shareholders who helped build this company years ago, and paid a much higher price for the stock. Solomon has a fiduciary duty! to act in their best interests. In short, your activity does not fly with me.
The risks of investing in this company are disclosed in the risk factors in the SEC filings. Did I ever see the risk to investors disclosed about the damaging effects of JV partners dumping all their stock and destroying the share price in the process? Nope. But that is in fact the one big danger we as investors must face on a daily basis. Total joke. Now there are some questions to think about.
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