RE:RE:hey management!!Ringert wrote: Sure hope some shareholders will try to wake management up during the upcoming meeting. Also, if any one on here is going... Would you be so kind to ask them on the situation with Sicpa? What's their deal here, what are we looking at? Honestly, I'm not too happy about having Sicpa onboard right now. Maybe it'll be a good thing in the long run, but at this point I'm not too sure it's beneficial for us retail guys.
What would help us retail guys is shareprice appreciation so obviously SICPA is not helping us too much right now.
If you step back to that fateful day in August last year many people (who I thought were short sighted) said yep this dog is done...we sold our best and only real asset (GFI) and moved on at 17 cents or so. That might have been the right move.
I am holding for the long ride but I could see us aimlessly float around 20 cents for many months if not years and then eventually get taken out on the cheap.
I agree with one poster that a shareholder right's agreement is painfully missing from the voting items in the AGM. I don't think they really work but it's sort of standard practice for companies in our situation with SICPA grabbing 10% of us...that's usually a sign it's time to protect ourselves from a hostile takeover but they are sort of our bestie at the moment.
It's a very strange relationship, they bought our best asset...they owe us money, and they owe us MORE money if they sign big time deals...but if the deals get too big they will just take us out on the cheap.