GREY:TSTIF - Post by User
Comment by
Drrwongon Feb 05, 2019 9:42am
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Post# 29319813
RE:Shareholder Value
RE:Shareholder ValueGET THIS EVERYONE: when investors ask for change, they HAVE to provide an alternative slate for the Board and management (look at how activist hedge funds do things). This is the only way shareholders can see which team is better and vote accordingly.
Otherwise, after we fired management and the Board, and who is left to elect a new Board and recruit a new management team? Or do you actually suggest that a fired Board (on their way out) would do a great job in finding you a new Board??? Like you said, we cannot afford to waste time, and ousting and finidng a new Board and management will take months, and new management will take months to get up to speed.
That is why I said why even most insitutional investors (ex-activist funds) do not initiate Board battles or try to oust management...they just sell and move on. Retail investors have even more reason to do the same (because they don't have the resources to initiate a fight, or the connections to nominate a credible alternative Board).
Until you can provide an alternative slate, you are just whining and no one will vote for your motion. You can withold their votes as protest, but you can never oust a Board or management team unless shareholders have a real alternative choice.