Post by
withoutabias on Nov 25, 2013 1:44pm
IT MAY BE TIME FOR SHAREHOLDERS ACTIVISM
How else can you fix existing problems? Fabrice took typical non-active position of newsletter writers and institutional holders. Yes, he put his guy on the board but this does not address the problem. At least by now Fabrice should know what I already know and have stated here (weak Board, weak CEO etc). But is he strong and tough enough to take action. At one time he exercised influence over enough shares that he could easily overtake the board. Who knows how many of theses shares have been dumped already by disilusioned buyers of private placement at 45 and above.
Also, who should replace the current "foggies"? Explosives are a specialty chemical business. We need people with integrity, loyalty to the shareholders (not themselves), honesty, passion and dedication.
Perhaps the members of the 2010-2012 Board (minus Luciani and O'Reilly) deposed by the All Group Coup d'etat? They proved themselves, cleaned up the company, and put it on a growth
path. Has anyone talked to them if they would be willing to come back? From the current board I would keep Fabrice's man only.
Comment by
AbNormAl on Nov 25, 2013 2:21pm
Jim Taylor has been running NXX for a number of years - correct? I keep looking for blue sky with 300k+ in shares. This should be a good story; it seems inconcievable that the stock is clogging the drains.
Comment by
valuedude1 on Nov 25, 2013 3:14pm
Seriously, these guys are a joke. They have exclusive rights for Johnex and from what the market is saying doesn't really matter. Who knows when earnings will be released? This management team should be kicked to the curb.