TS03 Inc Trust Units TSTIF

RE:RE:RE:RE:RE:RE:RE:RE:What about sales?

[Drrwong]

Just from reading the most recent bit of action on the SH Board, here are some of my observations:

-  People remain true to their stance, regardless of all the things that happened post Getinge (we sold 21 in Q4 vs. Getinge's 70 in almost 3yrs).  Some continued to hate management and want them out; some continue to want continous updates, etc.
-  People use glaring errors in their due diligence to back up their stance.  E.g.: the New York IR firm is still with us (we added the Montreal IR lady to help with retail investors), RR still has >1.5mm options outstanding, and that does not include what he was granted at YE18 (yes they are out-of-money); 3M never even marketed or launched the VP4 ever (so they did not fail to sell it, they never even tried)
-  The retail investors who post of this Board are more "needy" and "action oriented" than institutional investors.  I have been an insitutitonal PM for >15yrs, and our firm only fought with management and went up to the Board level <5 times.  Most other times, we just eliminated our position and moved on.  Here, we have people writing letters to our Chairwomen on things like "why can't we get email updates for PRs?", and people who claim to continue to be shareholders despite their obvious hatred for management and their non-commitment to our product superiority.


As TSO3's market cap is close to $100mm again, I will once again refrain myself from posting here due to a potential conflict with what we might do in our hedge fund.

Sorry for my parting "shots", but let's be objective here (take a step back) and most would agree my observations are true.