Seven weeks. Are you kidding?
posted on
Apr 17, 2008 07:41AM
Irresponsible Management
It is just plain irresponsible for management to be silent for so long. It has been over seven (7) weeks (Feb 27, 2008) since the last press release, and that was a negative release about an important director resigning. This is not a Canadian Gold Mine that is frozen in during wintertime with no news to release.
With no news released, stocks ALWAYS drift down. Management knows this, or certainly should know this, so what do you think? They probably wanted the stock to come down for some reason. You choose the reason. There aren’t too many choices. Whatever the reason, it shows indifference and irresponsibility. After all, this is a PUBLIC Company and shareholders want a fair price for their shares.
I am even having some doubts about internal performances, now, that I never had before. I recommended Castle stock to friends and I am becoming embarrassed with management’s lack of initiative and the stock performance.
I have called management and they are always very polite, but there is no action on their part. Perhaps everyone should call and B/B. Maybe they’ll get the message.
Still hanging in there and hoping.