Pom poms waving
posted on
Jun 10, 2009 04:49AM
Lots of cheerleaders these days ... probably latest part of SGA special merger costs. Some of us have been here a long time .... some of us not so much.
Consultants never have skin in the game yet people respect their judgment and ability to use their experience to benefit a company. TA's investment desicions are his and his alone .... he was a hired gun brought in by Adams and Plaxton when the previous president was underperforming.
Facts:
the stock price now is still below pre merger levels.
SGA costs are excessive and resulting in significantly reduced profitability levels
Few micro mining CEO's take anywhere near the compensation level as ours
Conjecture:
Our share price would be higher if our profitability was higher.
The greed of some shareholder(s) is good for them and bad for the rest.
There are a lot of new faces on both boards and only a handful of us left from the earlier PP's that we benefitted from moreso when we had potential than since we became a producer ... the current leadership appears to be responsible. The president can only be held accountable for what he controls, he doesn't control the CEO. Perhaps therein lies the problem.
orgy