Route1 Inc V.ROI

From the news release

[Pandora]

Tony Busseri, the company's president and chief executive officer, commented: "Today's announcement, similar to the company's announcement on Sept. 19, 2022, where Route1's independent directors and I stepped up to further invest in our company and take certain of our compensation in Route1 common shares, drives home the point that our leadership team has a strong, shared belief in the company's current business model and the opportunity deriving from its sales pivot towards turnkey engineering services for clients using video capture technology to deliver real-time, secure actionable intelligence."

(I'm not sure if that "bolded" statement says they are confident of the company actually making money as part of the "opportunity")

Independent directors will be reduced to from five to three

The company's annual general and special meeting of shareholders is to be held on Nov. 30, 2022. The company intends to mail its management information circular later this month. One of the matters to be voted on at the meeting is the election of the company's directors. The company intends to put forward three independent directors, Michael F. Doolan, Michael D. Harris and John Marino, for election.

Looks like David Fraser and Edward Reeder are being dropped.

None of this makes it sound like there will be any appreciable improvement, if any at all, in the share price over the short term and possibly a longer term. Greener pastures??? But at 8.5 cents a person needs a truck load to come up with any realistic amount to pick up something else. I'm sure there are a lot looking at the tax loss opportunity. 8.5 cents is less than a penny pre-consolidation ($0.0085).
Never really did think that Flubber would be able to rub in the salt and say 'I told you so' - after all these years.

And I guess we hear nothing until at least the AGM on November 30, 2022 and nothing in the way of news ever comes out of an AGM - so who knows when we might hear something of substance.