Our stock price is indicative of ....well...... the leadership
The fact that they can sit back with no comment whatsoever about the stock price while we endure new lows day after day.....for months on end.....and not one peep from them. Un...real.
Time and time again..........not only did these guys stay silent....but, they actually actively participated in bringing down the share price.
And for what purpose....well, it's no coincidence that the last round of stock options were in the millions, while the previous round at a higher price was much smaller. And it's no coincidence that big money is allowed in on multi-million number of shares at bargain prices....with warrants to boot....and all kinds of other conditions attached....exclusive PP's at that; with no vote whatsoever on a potential 20% giveaway....no say whatsoever by current shareholders....
We are now less than 1/2 the market cap of our prior takeover target FWR, which incidently, Cliffs bragged afterwards was worth 5 times their cost.
We are now less than the market cap of the SPQ takeover....a stock that traded at .01 when the market crashed....for 1/3 interest in one chrome deposit
And yet...some on this board continue to rally behind the leadership here....and comment on how the whole market is suffering....are you kidding. I have no other stock that has hit new 52 week lows this often in just the past few weeks...and that was after already being one of the worst performers over the prior year
Imagine, back in the days of Richard Nemis, we were more than 10 times higher than what we are now.....that's over 1,000% higher....and these guys dare to brag about their leadership abilities....and some here are believers....
Un....real