GREY:PCCLF - Post by User
Post by
JazzyJ1on Jul 31, 2014 9:34am
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Post# 22797718
CASE MUST GO
CASE MUST GOLooks like Case has pulled all sorts of tricks to create the illusion that he is actively doing something for shareholder benefit. In fact he just keeps lining his pocket. SO that's his gig--conserve cash and create the impression of a CEO who was brilliant enough not to burn through the coffers.
GREAT!! There unfortunately has been no progress past that first step. It seems his preservation has been for his own good--collecting a nice salary and occasionally doing some d.d. to show shareholders that he has attempted to work out a deal or two(WITH NO SUCCESS).
In fact a good CEO would have found a way to deploy that cash within the last year.
So it seems Case has us hoping that something is in the works as of late. He has stopped both buying personally and through the company (buyback). A nice way to make shareholders believe that an announcement is imminent. Yet--nothing. Once again.
MR CASE--WE ARE GETTING A LITTLE IMPATIENT--YOU HAVE RUN THIS COMPANY FOR YOUR OWN BENEFIT FOR LONG ENOUGH. I, ALONG WITH A FEW OF MY COLLEAGUES OWN A GOOD NUMER OF SHARES IN THIS COMPANY. WE ARE ALL QUITE DISGUSTED BY THE FACT THAT OUR OPPORTUNITY COST LOOKS WORSE AND WORSE EVERYDAY. OUR FAITH IN YOU AS A CEO HAS DIMINISHED GREATLY.
I REALIZE YOU PROBABLY THINK THAT IT'S OF NO CONSEQUENCE BUT WE DEFINITELY WON'T BE VOTING FOR YOU.
IF NOTHING SUBSTANTIAL IS ANNOUNCED AT THE AGM THEN THERE MAY BE A LARGE NUMBER OF SHARES ON THE MARKET FOR YOU TO BUY.