Re: To all: I just received the letter addresed to : Re: Borredo
in response to
by
posted on
Jun 23, 2007 06:10PM
I didn't say one word about questioning management. You said something about retail being the little fish in the market pond, and I suggested you learn to deal with it.
We cannot effectively control what the company does.
We cannot control how much each licensee pays.
We cannot control S&L.
We cannot control the MMs.
We cannot control the brokerage houses.
We cannot control the flippers/traders.
We cannot control possible big money interests.
We cannot control the market or market's perception.
We cannot control the exit points of true longs.
Investing is a wicked game.....
Questioning management is fine. They have been questioned, and have apparently told us all they intend to - though, you have to admit, some of the "what are you going to do about this issue?" questions are actually very poorly timed in that a new CEO only just arrived; or it may have been perfectly timed so that the new CEO is aware of shareholders' concerns and can formulate corrective action as appropriate. Everyone is aware of the questions now.
Underlying reasons for the slump? Have you read any of my previous posts? I've advised of my opinions, which are backed by some measure of known fact. You complain....fine.
Why don't we know the numbers associated with each and every past signing? I'm assuming you demand to be told the numbers at the time of each signing, but even if not, have you ever been involved in negotiations? If you tell THEM the numbers, it isn't much of a negotiation then is it? And the resultant contracts undoubtedly have a non-disclosure clause unless there are legal reasons why they cannot be silent (SEC). The reason for much of the silence is pure common sense business practice.
I think you know what you own, or you wouldn't hold. The company management, yes some mis-steps IMO, but it's actually an unknown to most right now, until Turley acts. So there is a TBD for all of us re: management, and then there are all those things I listed above. This is what we call "risk".
Sorry to come off poorly, but posts like your's have a way of coming off as high-pitched whiney nagging about stuff we already KNOW. Perhaps I should just responded with "Yes dear...yes dear...yes dear" (trying to inject a little humor - LOL).
SGE