RE:RE:RE:NLH hires Public Relations firmI took the comment "What a waste of shareholder's money." in the original post as being very different from "I think most pr firms are a waste of money" in the reply to my follow up post. I would have responded differently had the wording in the second post been used. We passed on a lot of IR firms for reasons consistent with your view.
I can address each of your points if you wish as follows:
1) With respect to the relationship running its course, I can reiterate what was indicated earlier in that the return on the relationship was substantial. I don't understand your "my point exactly" as I understood previously a substantial return from using an IR firm is contrary to the comment "What a waste of shareholder's money." However, no need to keep nagging on that.
2) I agree Management should be able to promote the business. That is done consistently. However, there are lots of persons (retail advisors/accredited investors/family offices/micro cap funds to name a few) across the U.S. and Canada that Management has not met so we feel it is prudent to leverage others with the view that those new relationships (by way of that leverage) will allow us to accomplish what we managed to accomplish with the first IR firm ie. a tremendous return on the associated cost/investment.
3) Always happy to enter into productive dialogue and appreciate your long position. Great to have you long with Management. GL to you as well.