RE:Lots of talk today. Good to see……You know what Ron, I do not think that the high management of SNC cares at all for their shareholders.
The CEO has less than 20K shares while the last transaction registered on SEDI for SNC is about the CFO (Jeffrey Bell) selling half of his remaining shares on the public market. He is holding now only 10K shares.
So both of these guys do not have any skin in the company. Do you really think they care about their shareholders ? Nope. They only care about their own fat salary.
Ronbromleygross wrote: I am glad the focus (at least from some of the posters here) has now focused on insanity and insane share prices or manipulation at work.
I see some posters saying we could go lower to $21 or whatever. At the opposite end of the spectrum I see a list of analysts with price ranges all significantly higher than todays closing price of $23.60. The prices on that list are all pretty much at $35 and higher with many at $40 plus.
Gabriel also posted today with comments that 2 major shareholders believe the share price will hit $40 by end of this year.
Ok so my comment here is what happens if the share price does not hit the minimum $40 share price by end of this year or by 2023 when the company is pretty much derisked?
It means all these analysts are full of s&$t and know nothing. It also means CEO's and boards are all full of themselves and care about no one but themselves. What if Ian and the board sell SNC out on the cheap for their or other insider motives?
It means this is the LAST TIME I invest in the "buy and hold strategy" and I will start re evaluating my investing strategy and will start to take profits when I can and f&$k those companies who rely on my long term investment dollars. I could have made a "few hundred thousand" profit on SNC if I would have sold each of the last 2 times the stock hit roughly $40. Instead I held on because of my own analysis which showed the company was worth much more in a fair, reasonable and objective world if transactions are conducted with correct trading and valuation practices.
You can only be nice so long but eventually when you get kicked in the nuts enough times it eventually starts to hurt.
Time is on SNC's side but that clock will eventually stop ticking for me. I sincerely hope Ian and this board are truly looking out for their shareholders as per their fiduciary duty to do so. Last thing the public wants to see is another black eye on SNC for screwing their shareholders once again. I hope Ian and the board are paying attention and watching out for their shareholders. They could be on the hook for some serious legal issues if they try to low ball the shareholders on any sale or takeover.
Ron