RE:Prior to the vote on the Vivo acquisition, managementpiduks wrote: stated publicly they have the support of their 'top 100 shareholders'. Since the Vivo vote I have removed my support for management based on the cumulative issues I have stated here including my annoucement that management no longer has my support. I cannot speak on the behalf of others and the decisions they make. The cumulative pool of retail shareholders has greater voting power than they realize and I merely requesting they join me in voting NO.
For decades upon decades a company when announcing a stock buy back was telling shareholders the company is undervalued. The converse also holds true when a company states their stock is undervalued indicating a buy back. For management to say the stock is under valued before becoming earnings per share positive is borderline sleazy.
when Pidduck made that statement in the CC i chuckled a little ......really what a non statement statement ....possibly made to make some retail shareholders feel warm a fuzzy...lol.
and then what CEO would not make a statement like that or rather what CEO would ever come out in a CC and tell the world ...we think our company i overvalued?? Ha Ha
i have alway said the only way officers of a company can show retail investors how they feel about SP is by the amount of insider buying on the open market they do !!!!!!!!!
or saying i forgo my entire salary and take it in shares
buybacks do are valuable but who money do they use ?...shareholders! ....it may be a little eary for buybacks as they are not in positive territory to make a major dent when they can consistently buy shares it may be a good move.