RE:RE:Time to stop b I t c h I n g and start doing something to I believe that change is required, I am completely turned off by management decision to dip into investors pockets over and over again all while collecting steady paycheck and generous stock options. The rights offering being limited to some of the US investors is unacceptable, for myself I've seen valuable TFSA space evapourate with every rights offering. Worst of all management seems to be almost casual about the circumstances we have found ourselves in.
Recently former Starbucks CEO Howard Shultz stated after their recent quarter miss that "At any company that misses badly, there must be contrition and renewed focus and discipline on the core," Schultz
wrote in a LinkedIn post. "Own the shortcoming without the slightest semblance of an excuse." He also said that people inside and outside the company have asked him how to fix things. "Senior leaders including board members need to spend more time with those who wear the green apron," he wrote.
It was a refreshing statement that the RGX management team should take to heart and remember they are responsible to their shareholders.
Signed a longterm shareholder who is currently down - 96%