RE: RE: RE: CMK call to shareholder action 253,500 shares down, 104,000,000 more to go shares to make your change in the management...
They are not going anywhere.The only time when you get some changes in management happening is if you have a very large and influential investor that can rally other large investors to do so(ie, CP). Otherwise it won't happen. It may make you feel better to vote them down but you can be assured they will be reelected. Besides their main sources of income is through their options and shares which at this time, options are not worth much and they have not sold any shares either. So they are in teh same both as other investors. It is very true that they have over promised about production in the past , but if they had not we would be having double the number of outstanding shares right now, as they could not have done those financings at much higher prices ....
It would have been nice if we had sold prior to the drop but you need to be psychic to see the future. And if it was only Cline that had been crushed in price then people would have had a better argument but as you can see all coal stocks are down %50 if not more both big and small caps.
Coal's bull cycle is not over but taking a pause and it will be back higher by end of the year...