Post by
Gladstone78 on Feb 10, 2020 6:16pm
Message to (shamefull) Board
Sent this to DDB.
On behalf of 6 other investors we would like to take a strip off you for shafting your shareholders with the ridiculous 1.25 cent buyout of the company.
The offer is nothing less than disgusting and shows absolutely no regard for the very shareholders that funded your salaries and staff over these countless years. This deal smells like nothing more than an attempt to throw a piece of crumbs to the shareholders while the insiders feast on the avails of whatever plans there are to benefit from the transfer of ownership over. I’m curious what behind the scenes deal you made with HostPapa so that you and your insiders benefit from this transaction. Invited to the Hostpapa Board with compensation, new seed shares when it goes public. Are they friends of yours, are they family members?
How insulting to brag in your release that you think that you are bringing “SIGNIFICANT” value to the shareholders. REALLY!!! And then brag further that it’s a 30% increase over the average share value. Interesting that as the price started moving higher you conveniently decided to halt the stock. Coincidence, I don’t think so.
Then you continue to tell the shareholders that DDB will benefit from the transaction. Do you really think we care since we have no longer an interest after the transaction removes all current shareholders?
Finally you brag that you had over 350,000 users and multiple partners in 53 countries. And you have the audacity to tell us that it’s worth 1.25 cents a share. Wow, how did you negotiate this fantastic deal for us???
Perhaps you should have all resigned and passed the task of getting "Shareholder Value" to a group of people that care more for the current shareholders than themselves.
I hope wherever you go, and whatever you do somehow you and your board get shafted the same way we did.
You leave a pathetic legacy for Mr. Jewell.
DDB Longtime Shareholder
Comment by
KingBill on Feb 10, 2020 10:43pm
If we can stop their dirty 0.0125 plan, the next step is getting a new board.