Re: level 2- Rogers
in response to
by
posted on
Feb 19, 2009 08:28AM
Fuel Efficient and Clean Emissions
The silence is deafening. I would have thought they would have come out with guns blazing at the beginning of the year.
The Richmond Club supposedly sparked some interest but that's not reflected in the share price.
They put out a press release re: conference call and then make no mention of it in the release. Then there was no release to say they made and error or yes the conference call is on (whatever date).
Shareholder confidence is waning or has long gone and no-one believes these guys anymore.
Jerry said there would be changes. As a shareholders, I thought that should mean in share price. But the price has not been sustainable. (lack of support).
One would think that if these director and board members were bullish on this company they would be buying up this stock on the open market. Why aren't they?
The U.S. finance committee asked the the top 9 U.S. bank ceo's how much of their own money have they invested in their banks this year, with zero being a number.
It was quite revealing. One person said he bought the equivalent of $400,000 in share! (whatever that means), one said he bought over $12 million dollars worth of his companies stock. The first few tried to justify buying zero stock but the committee was having none of it. 7 hadn't bought any. Hmm but I'm sure they paid themselves first from the bailout money.
This always shows the integrity of the people running companies, and their intent.
I have only seen Mr. Payne buying shares on the open market.
Where are the others??? Has anybody seen John, Jerry, Syd, Tom etc.
Jerry hasn't solidified himself with share holders and most believe it's the same old, same old.
I may be wrong but I haven't seen Jerry buy any of this stock on the open market. He should have a sizable amount of this stock if he's leading the company or else he cannot feel the pain when the share price dips to these penny levels. I would think he would have bought most of Tom Fairfulls shares if Mr. Fairfull is on his way out. Isn't that how things are usually done? New guy comes in buys most of the old guy's shares and the old guy semi retires and consults. Did anybody see and share traction?
When you own something you have paid your hard earned cash for you tend to view thing a little differently, then when someone gives you a seat you didn't pay for. May be he might have to give the seat back!!!
May be boards and ceo's pay, should be tied to performance and not given free shares.
If nothing of significances happens in the first quarter. I wonder what the rest of the year will bring.
Mr. Solensky was going to bring change, the changes aren't evident from a share holder point of view.
I would suggest he have a q & a conference call, then we would know where we stand.
Rogers.
These opinions are of the writer and are not meant to advise, promote or discourage other share holders. And are written without malicious intent. They are meant to generate meaning full and honest discussion, on the present situation of what the writer and shareholder of this company sees from their prospective.