RE:RE:RE:Any large shareholders - share info and develop a strategy
gojotv! wrote: You're wrong, himmler... Management does not control enough of the vote to get away with it if we organize.
Anyone who isn't defeatist. get in touch by messaging me this week. We don't know who this himmler is. He claims he no longer owns shares... Don't let yourself become discouraged by a disinterested heckler. GLTA who make their own luck! himmler wrote: Sry gojo.. it's a waste of time...we common shareholders add up to zero.
You may be right about them wanting to go private,they sure have run the company that way for years.
I've owned companies that went private before...and in every case the common shareholders gets zero.
The main reason is votes.
Management and its cronies control the majority shares in every case.
The vote takes place and we lose.
After that..the cronies are rewarded either financially or with cushy jobs{consultants for example)...and because they went private NO disclosure is needed.
NO matter what you are hoping for...we grt screwed.
Burger could control the direction with support of the shareholders. The shareholders of WEE did not deserve Brett's Christmas message. Why didn't he reach out to shareholders with a special meeting 3 months ago? A solution could have possibly been worked out.
possibility,
new management group who have industry connections, can cut costs, and can finance.
restructure, restructure, restructure. Brett and Brad wages totalled around 500k per year. if the wages were $250K total, that could have saved the company $1 million over 4 years. A new hire could be given healthy incentives but lower wage? Produce results then rewarded.
so, cut costs to bare bones. Keep the lights on. Reorganize. Keep the boat floating, get it ready to sail with a sustainable plan, sail the boat in calm waters, etc. it would be challenging. Maybe not with the right people?
example of fees...
https://www.tsx.com/resource/en/46
Just yapping again.