GREY:MIGGF - Post by User
Comment by
gecko1100on Sep 10, 2011 8:56am
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Post# 19029080
RE: JPM Sales
RE: JPM SalesEasier said than done to take this kind of loss, with the looming promise that everything will be clear in a few months.
Best way forward is to pressure management into doing the right thing for shareholders, rather than to apologize for their silly mistakes.
Investing in a public company is all about trust, as you will never know as much as the management team what really lurks under the covers. This management team has squandered that trust - they should regain it with everything they have, including aggressive share buybacks (not dipping their toes with a few thousand), disclosure of the identity of PEC, having their auditors and lawyers attesting to the fact that everything is legitimate, etc.
We need far more than they have provided us so far.