RE:RE:Management's continued failureMr EquityOwner,
please define disruption and mayhem.
FCU Oversight has released a few statements in the past months and all have been very professionally worded to the point of being too nice.
Dev & Ross behaviour however of trying to sell FCU in an ill defined conversion (do you forget the key clause "implied value" already?), with no benefits of merging- other than good will perception and to cap it all off of writing the deal on company time they award themselves (each) a $1.2 to $1.8 million dollar bonus. Is that a conflict of interest that should have disqualified themselves from voting ? Would that be voting by shares they probably previously granted themselves ?
Since the merger failed what have they stated or done to re-assure FCU shareholders other than marginal flippant responses to interviews ?
For my hard earned money I expect leadership.
If better managment requires someone like FCU Oversight's ilk to sit on the Board - I fail to see where that is a bad thing. We all want FCU to be managed well and develop increasing value of the PLS deposit.
Right now I feel 1) my interests have been betrayed and 2) my confidence in Dev & Ross have been shaken by how they have conducted themselves.
Dev & Ross are a good promoter and a geologist and no arguement from me what they have acheived at PLS.
Hard nosed business men capable of thoughtfully representing the interests of a publically owned company - that trust and respect has to be earned.
Red