RE:RE:RE:RE:RE:RE:RE:RE:What insider on a micro cap unloads that many shares to kill @EM, you're absolutely right. It's interesting, Steve said the exact same thing that to be listed on Nasdaq and become a Fortune 500 company you need to act like one from day one, have all the policies in place etc. Excuse my language but it sounds like Marshall needs to grow some balls and take charge of his team, instead of turning a blind eye to insiders selling. At the same time I absolutely agree with you that DM is a great growing company with an amazing potential, big vision and talent to make it all reality. I'm still holding strong, I'm still excited about the future (and our investors party;)) and I cannot see the SP staying so low for too long, but we won't blast off unless, like you said, "we keep hanging on to small business problems".
EM10328 wrote:
@Gal, I agree. I also feel it is fair to assume there is no such policy at DM and wouldn't be surprised to find out there was an investigation at some point. They are a growing business hanging on to small business problems (ie. lack of board governance policys and lack of overall marketing) and it is holding back their success. They cannot play with the big boys until they look and act like them. I'm confident Marshall is the right CEO who is shackled by self serving board members.
I hope I'm wrong about this one, but it is very likely this is the reason we have not heard about the uplisting - a process that typically takes 3-4 weeks for a company who meets all the criteria - which they do.
There are only a few reasons I can think of for not receiving OTCQB approval.
1. Marshall said they had to answer a lot of questions to justify the test kit business.
2. Maybe DM is bypassing OTCQB and will make a surprise announcement for the QX - fingers crossed!
OR 3. The exchange has a lot of questions about insider options selling.
DM is doing a great job on the business side, but the board is holding DM back from meeting its full potential. Time to clean out that pond.
GLTA
quote=GalAnonymous]@EM, well said. I am just rewatching that interview with Steve (Empower's CEO) and he also said that the weekend following the incident he asked his securities lawyer to prepare a memo on the policies of insider trading and CBDT's insider trading policy as one of his internal responses. He then circulated it to the leadership team members in different divisions as a mechanism to provide education and a forum for discussion. I don't know if DM has a technical, legal memo on insider trading policy, but they could definitely use one!
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