CanBanc Income Corp CKNBF

Long time shareholders mustn''t

[sablesavoy]

be asked to wait indefinitely while management delivers new press releases without corresponding increases in revenues - and much more importantly earnings. The fact that the company failed to post positive earnings in 07 and proved all analysts wrong - because it failed to provide guidance or manage expectations -explains why the stock price is depressed. Once we get past the window for pre-announcement of impending Q results, we still have to see what is teh likely the earnings outlook in the new FY. CIC'a management it seems reflected/translated their own poor self-worth to unprofitable ECC pricing. Imagine if they were compensated solely based on earnings. I believe the BOD has moved in the right direction, provided the CEO departure marks a fundamental irreversible change of attitude, mentality, and culture and is not reduced to mere window dressing.