GREY:MBLKF - Post by User
Post by
NewNanaimoon Jun 28, 2011 2:28pm
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Post# 18775185
Lipstick on a Pig
Lipstick on a PigIt would appear Mega Brands has really screwed the pooch and the shareholders this time. A reverse split is like putting lipstick on a pig...the resulting apparently high share value looks good, but the reality is that it's still a pig and when the market for pork drops then the PPS drops like a rock. Management needs to do something substantial...meaning tangible...to turn this train around because it's heading for a cliff. Try reducing management salaries and bonuses, or better yet, link them to share price appreciation and make a big deal out it. Show the market and the existing shareholders that management is truly committed to the company's future success and to its shareholders. Even something as simple as consist buying of the company's shares by the top insiders sends out a positive message, but why would they do that when it appears they don't have faith in the company's future.
NN