A shareholder revolt??? Count me out!!!I don't want to marginalize some of the frustrations expressed with regards to insider selling, nor some of the experiences of the past with Ryu, however I also think it important to pull back on the knife fight!
We had a Q3 report that was outstanding and I expect a Q4 (Year End) to be better in terms of EBITDA, cash flow & balance sheet strength. Also, based on Marshall's most recent interview, Q1-21 will be the best qtr yet.
The Q3 report listed about 267MM shares outstanding with some 26MM options @ .13 avg. since September of 2020, a rough count drawn from SEDI suggests about 15MM options have been exercised for an average of about .12. This has contributed about 1.9MM cash to the balance sheet without a PP! In that period SP has more than doubled, then settled back to the current .21, a 50% increase.
While I would certainly agree that the revolving door of non-contributing opportunistic directors scooping shares up has been a concern, Ryu in my opinion with Marshall at the helm of DM has delivered. We don't get to tell them when they can sell anymore than that gets dictated to any one of us.
I'm averaged in at about .11 & hold more than most and not as many as some and so far, while not as happy as I'd like to be, I'll be looking forward to the Q4 & Q1 results.