RE:RE:RE:RE:RE:And the struggle continues..I continue to email Bruce asking for Johns removal as CEO effective immediately but haven't received a reply. This has gone on far too long. The Newsletter should have resulted in the termination right then and there. The lackluster Q2 results and subsequent share price plummet should also have been grounds for termination. The uninspiring and unprofessional Mirco Conference should also have been grounds. 3 events in less than 2 months. Yet here we still are holding the bag after our demands for change continue to go unanswered.
This company needs to report $5 million in revenue for Q3 or people will move on. Unfortunately I don't think $5 million even has a chance of happening. Right now it's hard not to find a tech play that isn't, or hasn't, produced good to very good returns since March, except us, so why would anyone keep money here? Anything less than $5 million in my opinion will not do anything and at worst will only sink the share price further.
A CEO change would have been a great signal to the market after the disappointing Q2 results that "Hey we understand this isn't acceptable, especially since the GSX acquisition, we get it. We need to right the ship before it veers too far off course. We see tremendous value in our assets and want to make sure we have someone who will utilize them to their fullest while also keeping a healthy ownership of shares so synergies are alined with shareholders."
January 2nd 2018 - Share Price $0.20
Janaury 8th 2021 - Share Price $0.22