RE:RE:RE:RE:RE:RE:An Open Letter to the BOD of VIQ SolutionsEvery investor is different and I respect your opinion - however in the 7 years Pare has been here he has erroded our share of the company and increased his ownership at our expense -
Share count has risen from 90MM to 600MM - increase of 566%
Revenue has increased from USD $10MM to $34MM - increase of 330%
Share price has increased from $0.05 to $0.14 - increase of 180%
Do you see a trend?
Poor managment and ineffective board have lead to a diultion of shares and ownership without any corresponding increase in value or "wealth creation" of the company.
Effectively they have raised capital to buy revenue and have not been able to galvanize those aqusitions into organic growth in the years that followed.
Concurrently they have padded the executive offices - almost like buying friends for Pare - without any oversite as to how these people are contributing to the sales and profitability growth of the company - effectively there is no leadership - just hopes and forecasts.
As I said before - the BOD has a fiduciary responsibility to shareholders which they are not exercising. BOD do better - NOW!