Post by
jrsloan60 on Jun 26, 2024 11:47am
I'm concerned .
I thought we were building a company on the stock market . That would be liquid. Have fear of buying any more shares because they're so in illiquid if that's a word. Since we've decided to go this way, I didn't decide. My shares have dropped 85%. I feel like any way they keep going down. Nobody wants them. Who would buy shares? You can't sell? I thought I had a real company that I was buying 15 years ago. It went from $0.50 when I bought it to $0.04 in the past. Then we got our new CEO and he looked like he was building a company that could make money. Now it feels like he got sucked down a rabbit hole of promises and dreams. I feel like I'm watching TV like all the news . Lots of stories but nothing really getting anywhere. I remember being at 1 AGM and he had to leave earlier cuz he's going to talk to some guy big guy. That never happened anyway, how do you build trust with existing shareholders I'm existing shareholder and I've pumped the company a little bit to a few friends which is sad now. Cuz they've lost half their money and they can't sell them unless they want to give them away as a tax loss. Have been giving the CEO benefit of the doubt. Hoping he knows what he's doing. But it is hard to watch my assets drop in value constantly with in with a limited ability to sell them. And I do know that Rome wasn't built in a day but but. He's supposed to be able to get to market to build this company or take it private cuz why do you need the market if no shares trade unless you want to give my shares away to somebody else? And why does he deserve such high pay when you can't build any share value. I hope it's like Forrest Gump buying the shares of that fruit company Apple. That's what I can only hope cuz I can't sell my shares. 3/4 of them are in my rrsp. Big mistake. But I hope not there's no way to reverse the pay of a CEO if they don't accomplish their goal is here. Cuz I'm a general contractor and when I don't finish my contracts or accomplish my goals I don't get paid. Seems like CEOs get paid with very little financial strings tied to it. You know and they don't have that much skin in the game. Just my thoughts.
Comment by
Apostata on Jun 27, 2024 9:20am
This really sums up how a lot of us are feeling. Personally I feel like I'm caught in a scam in order to finance Gilles Gagnon's retirement. "And I do know that Rome wasn't built in a day but" Here's the difference: they had a plan for Rome.