I was once in a company called FORD (Forward industries). I profitted heavily on spikes up. I got in later when I saw a large drop and followed it for a while even on message boards. The stock had soared to $21 from $1. I got in around $7 and rode to $18. The stock slid from $21 down to $4 with little response from mgt.
Shareholders revolted and demanded a conference call. This resulted in some eye opening experiences. In this case many left and the stock later dropped below $1 where I think it still sits.
On the FORD board many said similar statements to what I see here about trusting the BOD and Mgt. If they had they would have lost a fortune.
As retail holders we have little voice but if we rise up as a group and demand our rights we can often get a more clear picture of what is going on.
RM emails the same drizzle to each of us and we lap it up as confirmation.
If we en masse made a demand for more information we might get more respect.
We learned that VZ had reviewed and accepted our modified proposal after the permit was denied 3 weeks after this occurred. We also learned that the CVG had confirmed our compliance with the MOC in a quarterly filing a month after this occured.
These things were material and all the while KRY holders were saying don't question the BOD while others were selling in panic.
My point is we deserved to know these things when they occurred. The same goes for now.
How many people are selling now? If any hope of a deal is in the works tehy owe these shareholders an explanation.
If you were not on this board and only read the PR's and VZ headlines you would probably sell out. How would you feel if you found out later a deal had been inked several weeks back but KRY didn't feel it important to tell shareholders?
This is my point.