GREY:FTPLF - Post by User
Comment by
jdn55on Oct 31, 2013 10:32am
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Post# 21865003
RE:RE:Chad
RE:RE:ChadI watched that interview and there wasn't really anything new then what most of us already knew.
The bottom line is Q3 will likely be a big loss. My question is where will we be for Q4?? Shareholders have every right to be negative as this thing has been a train wreck for the last 18 months. They just have not executed so the general market and myself will continue to be skeptical until such time as they show they have a strategic vision and assets that can start producing some profitable, sustainable results. I personally like this recent strategic shift for Thurso but I didn't buy into FTP for this reason. Anyhow at the very least show me they can staunch the red ink and get back in the black. Show me they can execute on something they say they're going to do.
As for Chad being a "bagholder" I suspect that most of his sizable position is "sweat equity" for structuring this deal. I doubt he has much of his own cash invested in this, just time. He did a great job out of the chute when this was still more of a promotion but his vision re: the DP market opportunity just hasn't held up to scrutiny. He may yet be proven right in the long haul. Only time will tell. I personally am fighting hard to be patient but it's becoming very difficult.
As for a "resounding vote of confidence", who gave him one??