Post by
investergate23 on Aug 03, 2011 5:55pm
sitting on their hands
I take it that the only decision maker at MER (C.E.O. Terry Bates),has been the only one steering the boat for the last year. I say this because I don't believe that the board of directors could collectively screw this company up any more than it has been over the last while. MER needs more than a paint job to bring investor confidence and trust back, it needs a blood transfusion and a defibrillation. It would seem that Mr. Bates should swollow his pride and listen to his directors at times. Yes it's his baby, but do you really think he's good at everything?
The only good thing to surface recently is the fact that the private placement took very little time to close. Bought up by Insiders who probably know that something is comming down the pipe...... Sailing towards a safer harbour.