RE:RE:RE:RE:RE:RE:EVERYONE INVESTED IN DN NEEDS TO READ THIS NOW!!Yes and No.
What's good for the shareholders is good for management. Unless they don't like money. There is no way they would be ok with the SP going down like it did since IPO, but they're building something special. We all know that.
They also need to be more accountable. Calling the shots can lead to some complacency. I've worked with some family owned Auto Dealerships who inevitably sell out, or are ok with mediocrity. (Pedal down here guys!!)
I understand how one would feel conflicted. Let's hope the folks accumulating eventually get enough to influence some decisions.
Meanwhile, if it goes down like that again, i'll be ready to scoop some falling apples.
Anschutz wrote: I'm somewhat conflicted on this. With insiders holding a majority of shares, it definitely insulates the company and enables management to do what they please. This can be both good and bad for shareholders. On the one hand it enables management to stick to a plan, on the other... it allows management to stick to a plan.
When a person is well compensated for their time regardless of company performance and share value, do they really care as much about moving the needle for shareholders? Personally I believe people perform at a higher level when they know they are not indispensible and can be replaced.
Although management's plan is working to grow the company and produce/sell more product, it appears to have failed for share holders that bought anytime since the IPO. Perhaps things will start to turn around with the next earnings release. If not the next release perhaps the one after that... then the one after that... and so on and so on. See... no real sense of urgency.
Time will tell whether share holders will be rewarded for contributing their money to help build the company. In the meantime... well... thanks for your donation.
45Freedom wrote: I don't see management holding shares as a bad thing. It's insulation, and defence. They do, however, need to get the message out better, with some guidance, or monthly report.
There are weak hands which will drive the sp down, and limit their ability to raise, or expand.