GREY:MAAFF - Post by User
Comment by
cjsellon Feb 10, 2010 1:51pm
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Post# 16771778
RE: Talked with Rich Morrow
RE: Talked with Rich MorrowSeriously now, what did you think he was going to say???? In fact what can you say about IR when they NEVER respond to email. A second rate bunch at best.
But I do see the value and will continue to hold, but trim along the way accordingly. I just do not like being continually blindsided by poor judgement and worse FLIP FLOPS every time MAA gains some traction.
Rich here are my questions...wish there were some real answers. Can't wait for the anual shareholders meeting!!
1) Are MAA's senior management is in way over their heads?
2) Comment on why MAA treats (could care less about their retail) investors so poorly? yes the ones that continually take it in the gut
3) Comment those lavish options granted at .25. Why not reprice them to 1.00 make them work for it?
4) Acknowledge the significant credibility question caused by MAA's senior management, which will continue to hamper us because on the "faith scale" 1 being poor and 10 being fantastic....the Burtons get -10. Such that even when there is good news NO ONE WILL BELIEVE IT!!!!!! Total lack of credibility.
5) Comment on all the flip flops concerning cash injections and prognostications, back tracking really hurts as evidenced by these low share price offerings. Why not price the offering at .70 at least. This is the most advanced new potash play in the world, and MAA treats it like no biggie. Once in production and taking into account the forecasted rise in potash pricing the cash flows are HUGE.
6) Comment on why Complant has no "skin" in the game and why MAA's senior management continually enters these screwball deals with non mining entities.
7) Tell us who the other tire kickers were.
8) Why in God's name the Chinese? The Chinese will negotiate the Burtons into the poor house.
9) Get the FAMILY members OUT CFO especially and get some real managers.
10) Fire the Burtons
11) STOP diluting the crap out of the company for little or no short term benefit and HURTING longer term credibility. The share float has already BALLOONED to the point where MAA looks desperate and can't forecast worth a darn.
If MAA had competent management this deal would have been done months ago. And the construction of the plant would already underway.
CJ