endzone,
Your statement will be correct only if the stock price goes up! No one can say for certain that it will. At this point, I won't even believe the CEO if he says it is going up!
It was very painful to watch the share price fall from $12 too $2. I know everyone is free to sell but in my opinion, CEO has not earned the right to be selling at these prices. I don't care for the claims he's selling to exercise cheap options and will be adding more shares to his total. Shareholders are getting diluted and he's profiting. He played a major role in the fast rise of the stock price:
- The quick succession of PR's on client A-B-C torch modelling - starting the fire (no pun intended)
- Quick push to TSX an Nasdaq - adding fuel to the fire
- Opining on stock price when it is going down, but never when it is going up - pretty much telling shareholders not to sell because he thinks stock is undervalued
- Quickly rebutting Mr. McWhirter and Mariner Research claims
- All the excitement he created with "imminent, gangbuster, 3D powder - this is the year", blah blah blah!
He has given his long term holders nothing to back up all the excitements. Their faith now lies on that one torch that is hopefully at sea now, on it's way to clients facility, riding some better waves than the stock price.
I've always thought the stock was overvalued but I was holding and looking years ahead at what I believed was to come. CEO had given the impression that there was a whole heap of a lot coming. We are all investors (gamblers) here, making decisions based on information we have at hand. Stock price will either go up or down from here. Good luck to all!
