RE:RE:RE:RE:RE:Ernie still in charge I take itIt's a reasonable concept GenHandgrendate but as long as Ernie is running the ship, there would never be enough interest in order to close the deal. Thats the message that is getting returned on the street. The markets want high profile, high margin projects that stand out amonst the numerous others that are very similiar in scope to the portfolio holdings that MLM has and no one is looking at them either.
Management quality and traack record history is what is going to attract the money. Being that all of the MLM projects are small low volume/margine capacity holdings which are approaching expiry shelflife levels older than Ernie himself, does not make it any easier. Add to this a CEO who is known to be from his peers overly emotionaly attached to his pet project bases at levels which make it more difficult to be impartial towards for shareholder considerations and you have a very predictible situation in investor hands that has a good change of playiing out the same way until he's foreced to go into retirment.
Robert Chase has been mentioned by outsiders, as well as a few insiders, to be in a position to best serve the companies future as he would bring in new blood and a new prespective towards an alternative business model that would bring MLM out of the stone age and into the new age.
Like it or not, there will be little chance for this play to break out of its reputation holdbacks unless either a very signicant project comes its way (all current holdings are too small in scope) or a more progressive individual takes over the helm and starts to promote it more effectively.