Management's continued failureThis whole debacle with dissident shareholders and activist shareholder groups could quickly be put to rest if management said:
"look - we messed up and did not have a pulse on the shareholders hopeful direction for the company and we understand that shareholders have questions about management having misaligned goals etc. In order to quell this and to build harmony in our company we are offering to add 1 or 2 board members to the BOD to ensure that we are all on the same page. We welcome any nominations from shareholders and this can be voted upon at the upcoming meeting etc."
Though management continues to stubbornly opposs shareholders concerns and is making matters far worse my widening this divide by errecting barriers (recent press release about advance notice and claiming they have majority of shareholder support) rather then breaking these barriers down and offerring a solution that will minimize the drama that is brewing.
This is very bad management as this CEO and BOD is doing all of the wrong things which is causing problems rather then solving them - which really calls into question what mahangement's motives are. Are they purposelly allowing this drama to occur to allow a DML merger # 2 to occur as FCU investors will finally capitulate to a merger at a 40 cent share price?? Why would they not do something so minor as to offer a few board seats to make all of this go away?? Very concerning!!!! This is why we need an oversight group in my opinion as management is out of control and making matters much worse.