RE:RE:RE:RE:RE:RE:Just my opionEoj123 wrote: Yes, you are asking too much. No respectable IR dept will, or should, give ANY investment advise CAInvestor wrote: Jeromethebus: Every IR person is different. If I stated in September, "Thanks for letting me know there's no major issues , I'm going to add to my position", she could have said, "while we stated we would have flat sales, and we are hopeful we will, the numbers could come in different, so you may want to wait until market settles before adding to your position"...
Simple, not divulging any secrets....That's what I expect from an IR! MAYBE I'M ASKING TOO MUCH??
You are right..and I agree 100% that no respectable IR person should give investing advice..Giving advice is something far different than answering a good intentioned logical question in regards as to whether because of the drought of news releases as that there might be anything or any reason that one should be concerned about with the company that would justify this..".no" was the answer, all the while knowing that the numbers were not going to be what was expected or anticipated..and this would have been known back in Sept..It's not about giving investing advice at all..I think as shareholders we have the right to take the company to task over its shortcomings and ask for logical explanations that deserve an honest transparent answer without skirting around the issue. An honest answer can always be massaged into a conversation without anyone tipping their hand by being tactful..presented properly and in a timely fashion,this whole issue could have been framed just by saying something along the lines of "we are aggresively moving ahead with our plans and hopefully are on track to meet our intended goals, however in this time of market uncertainty there is always the possibility that we may not achieve our intended goals, but rest assured we are dilligently working to hit our intended targets".I am not suggesting that is exactly what they would say..but think about it if they did...those few words would not in any way IR giving investing advice..full stop..what it would be is giving courtesy of a reply, and stating right up front that they may or may not hit their intended goals..that's pretty straight up in my books..neither positive, or negative..but at least truthful..from there investors can decide going forward as to whether or not they wanted to stay in the OGI camp, or simply move on. What I have repeatedly said is that asking solid, fundamental , important questions like "is there anything fundamentally wrong with the company, or anything we should be worried or concerned about " and getting no for an answer, is not the kind of answer one should expect..Again, there are lots of ways to phrase and articulate a situation without appearing to lean one way or the other..smart investors will figure that out themselves.Everyone has an opinion and I value yours, but I maintain, being truthful and transparent is the best path to follow for any IR department..its crucial, and its critical to having motivated, interested investors..This is my final post on this subject..Hopefully we can rebound some tomorrow..glta