Post by
Riverfolk on Jun 03, 2017 12:34pm
Where is the Shareholder Value / Interest
This latest move by the Board at Poydras has confirmed that shareholders cannot expect value to grow under this team. The board is rather inexperienced or careless with how they are treating owners of the company, PYD consolidated its shares 10-1 a year ago with promise of strong growth and cleaning up is share base, a year later with a disappointing 4th Quarter we now are looking at a 15-1 additional consolidation for no other reason but to have a high enough price to move into an American exchange. The stock price has fallen 40% in 7 months with little or no help from the board to support it and now shareholders can't even have a news release about a consolidation. This lack of transparency is troubling because now as a long term shareholder I am beginning to wonder what else is not being disclosed. I own over 1% of PYD and shouldnt have to read a bullboard to see material change in the company! How about a update Peter? Explain to shareholders your plan for the company? The goals for the near term? Reasons for an unnecessary additional consolidation? Helping build stock interest and support is how you raise a stock price, not turtling in head office and hoping that lack of news or updates with stir up interest. This company is going to need CHANGE!