RE: New Yahoo BoardDave
Thanks for your thoughts - I would very much like and hope to be in attendance at the AGM, not only to express my views and pose to management the questions raised in my earlier posts, but to also meet people like yourself and chat about onc in person afterwards.
at this point in time, i cannot commit with any certainty. In fact, if I had to decide right now, I would in all likelihood have to decline – being short-staffed and quite busy at work but nonetheless, I will do my best to attend.
Without trying to sound self-aggrandizing, I understand the desire of some to see the “person” behind the posts, and see whether the questions posed in person will match the directness of those posted on a message board, and how management responds to such pointed challenges. (let me add that i have previously posed fairly pointed and direct questions in written communications with the company. in some cases, the responses were somewhat helpful, in others they were quite limited and defensive, looking like they had gone through the filter of a lawyer).
Nevertheless, I think the focus at the AGM should be where I & others have already placed it – on management and their performance (or imo, lack thereof) - not on myself or anyone else who has voiced strong and often unpopular critical views. That is what I intend to do either in person (or via a representative, if I am unable to make it).
It is not my intention to turn the AGM into a circus, but on the other hand, I am not going to “go along simply to get along” either – been there, done that. Management has brought these criticisms and questions upon themselves by their own actions (or inactions as the case may be), communication failures and worse, as described in many posts on these message boards.
Fortunately for them, they have been given a free ride by shareholders until now, likely due in part to their very effective means of diffusing disenchantment by releasing “positive” news shortly before or on the day of the AGM, and having a very “favorable” message board “environment” to apparently appease most shareholders.
It seems clearer though that time is catching up with them – to get the cash from the april warrants, they are going to have to release some substantive news very soon, imo, that won’t be a “liquidating event” as Dr. Thompson puts it, or they will need some outside “intervention”…(perhaps ask a “favor” from their friendly brokerage cannacord or their preferred financier, amaranth the hedge fund?)
In any event, the time to give account of their stewardship is at hand and whether it is myself or someone else who represents the views of many shareholdings not satisfied with management’s performance is not the real issue, as much as I understand the desire of some to make it such and take away some heat from management.
The time for fun & games is over – it is time for management to put up real performance or get out of the way and let someone qualified take over. jmo
regards
and don't forget to buy low, sell high
