Somebody remind me why we need this CEO..Since The CEO basically had no money and no leverage based on his own performance.. he essentially created and auctioned off some cheap shares and a "observation" seat at the board... at our expense..
Lets just address the elephant in the room...
even MSG doesn't fully trust management decisions ..
and they want to monitor the children on the board because they keep burning through cash without gaining any traction..
say whatever you like.. but at the end of the day..
The CEO is basically being put back on training wheels by his own deal...
The guy does not know how to run this company.. he freakin knows it...so he just gave away a significant portion of the company to someone who can..
This seems like an incremental take over.. it feels like a slow process of what we all have been speculating about..
which is the CEO not having any actual expertise or intention to run this company himself..
so why are we paying him? Seriously.. what has he done and what do we need him for moving forward??
now can say whatever you want, but what you can't say factually is that this CEO has ever given US any observations of the board ..
nor has he ever clearly defined his intentions or decisions or goals or path forward...
I speculated that his intentions was to in fact hand it to more competent people...
at our expense of course...
I think that turned out to be true.. and now we have some voting to do.. to determine whether we should relinquish a chunk of our company and it's share value in dilution...
fine..
but while I'm at it... I'll be deciding if current leadership is even worthy enough to be at the table..
I still haven't heard a clear coherent reason or seen any proof of his monetary value.. I do not like his conduct towards shareholders and his personal performance has been dismal..
Moving forward... he needs to really explain himself and plead his case to us...or I'm voting him out..
all my personal opinion, please do your own due diligence..