Bates = IncompetentIt is becoming very evident CMK management is incompetent and is not up to the challenge of the tasks at hand.
From misleading shareholders at the AGM, missing 2011 production targets, a surprise PP, poor handling of the PP, inadequate communications to shareholders, etc.
It was recently brought to my attention that the head of IR is actually KB's daughter. Talk about nepotism.Totally inappropriate. She is also horrible at her job. What a waste of money. This is a business, run it like a business, not a Mom and Pop operation.
In speaking with KB on the phone, it became evident to me that he may be too old for the job. We live in a modern world much unlike the past. Today, companies have to be smart, proactive, react swiftly and effectively to survive and prosper. COB lives in the world of the past.
They have also done nothing to support the stock price, allowing the freefall in the stock price. Totally inexcusable for a publicly-traded company. This will eventually kill the company. I believe there is a good chance of another PP in the future.. Who would participate in another PP under these circumstances?