Post by
jackbnimble on Nov 25, 2011 5:51pm
looking forward to the q3 results, aren't you?
I don't know about you but I am looking forward to the q3 results that are due out by November 30. Why you say? Well let's face it, why would you be a pessimist when all the leading indicators points to a very profitable company. Why you say? Because the Board approved big raises for the CEO and the CFO as well as increasing their benefits. The Board even authorized major renovations so the boys could have more lavish offices and equipment. The Board even authorized major option purchases at reduced prices. And while the Board knew this at the AGM but did not disclose the options within the legally required timeframe, who is to quibble when the results will speak for themselves. Detractors have said that I am too analytical, that no Board or Management would be so self-serving so as to breach their fiduciary duties to shareholders. They say just wait and you will see. You will see that the q3 results will speak for themselves. The q3 results will demonstrate that I have placed far too much focus on the input costs and that I should be patient because the results will demonstrate that the Board and management were focused on results...and when you see the results you will know that everything is in balance.Well, I don't want to sound like a pessimist but I will wait until the q3 results are out and then I will judge whether or not the energy of the Board and management was well placed or not...we will see in a few days. After all, even at the AGM, the Board and management would have known what was going to transpire during q3 because the AGM occurred in q3.