RE:RE:ManagementIf the delisting were not an issue they would still be selling off another 30% of shareholder value.
They announced this will full knowledge that it would not be accepted as anything positive. They (Peltz and crew) knew very well that this is being plunged into the ground. They like that, they want that. That is to their best personal interest.
When this finally occurs the 12-1 will put share price at about $7-8. Then sell off another 30% from that. Then combine all that selling with the sour taste they have created. How much profit (that they have never made) do they need to make the market forget how crooked and dishinest they are? Personally I can't think of a number or any other actions they will take that will instill any confidence.
So when this dust settles share price (if lucky) will be sitting around $5-6. Cash will still be flying out the door. Gotta keep paying that fat board for this great job ya know. Profit will continue to be a carrot on the end of a stick for the donkeys.
6/12 = .50/shr based on todays structure. Thats IF they don't add more posion to this already toxic situation. Shorts were right. All they were betting on is that this board had no intentions of improving shareholder value.
Hopeful75 wrote: I did contact management and they did reply but it was a very cold reply. They do not care. I pointed out this 12:1 RS is extremely pointless as it will not change a single thing, the sp will still decline on the NYE and we will still be delisted. I've personally stop buying more shares altogether. I will also be looking for another LP to be my medical provider. I do love there products but this is now a matter of principles. I've been in contact with their VPN of investor relations quite a few times but they completely do not care about us at all. When you keep doing the same thing over but expect a different result....