Post by
KerBer on Jun 17, 2011 5:42pm
Post AGM.
While it is not a sure thing, it is looking more like the board will remain in place. With Wesley J Hall controlling 14.7% of the shares, Inspiration Mining and Forbes and Manhattan may have fallen short of the requisite shares needed to overthrow the board. Especially considering that F+M have little, if any, shares. Wesley J Hall would hardly have purchased 8.4% of the shares if they did not think it would make a difference.
The question is, what happens after the AGM if the current board remain in place. Will Inspiration dump their shares in a fit of pique, driving the SP down? Will the attention we have received lately bring in a whole new set of investors? Will current management feel a new sense of urgency to get the SP moving? At least it will make for an interesting few months ahead.
With Inspiration Mining closing just .05 cents off their 52 week low, it does not exactly inspire ( pun intended ) confidence in R. Miller ability to improve our share price. Looking at Inspiration Mining's history, it would be an act of desperation to vote him onto the board. To the posters who state that things can't get worse, I say, yes they can. Just look at Inspiration Mining.
Comment by
tickle1st on Jun 18, 2011 1:52pm
Hey..thrumuck!Don't Bogart that joint you're smokin'the reason you guys are in this mess is because all you low life retailers let RS run all over you.Time to step and vote with your wallets this time...like you should have been doing before.