3 weeksThree weeks..... this could be the end of my time here. I anticipate that by mid November the quarterly numbers will be released.
Mr. Bond,
You and Mr. Lee at one time were available on the phone, this ended years ago. I by far am your longest holder of Kelso shares, not the biggest, but definitely the longest. If yet another disappointing release is disseminated to the public, I will have to sell and get on with my life. Not a big deal to you I am sure, but secretly upsetting for me. I have owned this security for the better part of my entire adult life and the potential here was enormous. Granted, it was a mess and held together by Mr. Grossman well before your appearance. But, imo, you have had ample time to be at the minimum 25-30 million a year in revenues and realistically 40-50 if you put ANY extra effort into sales. I’m not even sure what your goals are at this point. Your communication is virtually nonexistent but for a short update required every 3 months. If you are reading this and haven’t put together your release for Q3.... I have a few recommendations. Not for me, as I will be moving on, but for the other shareholders that are clinging to hope that you bring this company to its full potential.
1. Communicate with your stakeholders more often.
2. Answer emails and take phone calls. Stakeholders are your friends.
3. Write a comprehensive, informative, optimistic if accurate press release.
4. Take a bold step and tie your bonuses and options to PERFORMANCE goals.
5. Be a Leader. If unable, find someone who can lead.
6. Create a sequential growth company by engineering deals with other rail companies.
I don’t know what lies ahead for you and your company, but I am confident if you implement any of these things, your shareholders will be more engaged and your stock/company will have more visibility.
Good Luck, hopefully I will be around after this next release.