RE:Give it timeThis was a proxy battle. The shareholders that launched it exuded confidence (commencing in ~October if not before) that they would provide value for shareholders which should mean that they have a strategy to move AUSA forward. It is meaningful for the new Board to set a tone of communicating to shareholders how they intend to execute upon said strategy. Remember the Booth War Cry...Excite, Ignite & Delight. (Little doubt that he is being relentless on the new Board to act quickly and decisively.)
They have a lot to do unquestionably, answering to shareholders in a timely way on issues such as, a) Duke Fu and his lawsuit status and, b) Expenses for the proxy battle which as I recall, were capped by the Concerned Shareholders at ~$265K and, c) Dwindling cash and other operational changes, including C-Suite recruitment
Shareholders, including Booth, need to keep the pressure on for the time is
now.
MrRightchoice1 wrote: I am willing to wait and see what happens with this group. I have been invested here for quite sometime and watched the past management squander capital and opportunities. Fingers crossed that this group has a proper plan to expand the business and increase revenues.
Cheers
GLTA