E-Mail to IR- concerns with managment changes and TSXAll just wanted to pass on the below- management needs to ACT NOW- I am not happy with the timing of these managment changes unless there is more to share with the market before the weeks end- IR is also saying TSX is not a priority -Here is my e-mail I will still continue to hold a long term, but I must say my patience is growing thin with managements inability to increase shareholder value;
I am looking for more information as to why the board thought it was a good idea to change the president and ceo roles a month before legalization, this announcement makes no sense, the current board, CEO and President have done nothing to increase visibility of Supreme in the marketplace over the last two years, shareholder value has remained stagnant and you decide this is a good idea? Why not replace John with a real CEO who has experience and allow the current president to remain in the role, John self admittedly is acting more as an operations Director, this is dissapointing to say the least.
Supreme made this managment announcement and the fiscal results didn’t even get posted on newswire, the market overlooked your fiscal results as it never made it to market, like many other GOOD things that supreme is doing.
I read an email that the company is advising shareholders that moving to the TSX is not a priority?
But changing roles a month before legalization is?
This will do nothing to increase shareholder value whereas moving to the TSX adds legitimacy to the company and increases fund /market exposure etc.
How do you guys not get that.?
I have been a long term shareholder since 2015 and operationally you have build a best in class business, but the board and current managements lack of foresight has reflected negatively in increasing shareholder value to reach that of peers, the gap between Supreme and similar peers is alarming.
Unless you guys plan on shocking the market this week I expect things to remain the same , again I feel the need to contact you regarding this as I think the move yesterday was a mistake and it concerns me greatly that the board wouldn’t have the foresight to hire a new CEO that would create more exposure and add value.
Not to mention the fact that the stock price has remained flat through many milestones, clearly there is an internal issue.