Our Board appears impotent, neutered, indifferent and disengaged
in response to
by
posted on
Apr 30, 2014 01:20PM
Have they submitted an Independent Reorganization Plan ? Objected to the Creditor's Plan ? Objected to TPL's delays ? Appealed to the Bench for special consideration as Co-Owners with TPL in the PDS JV ? Separately pressed for an alternative licensing Vendor other than Alliacense ? Presented a substitute to the non-contingency hourly billing fee arrangement offered by Otterson's Agility ? Opposed the Motions by Licensees seeking the Court's affirmation of their ridiculously low past licenses fee amounts ? etc etc etc
"Paycheck players", that's what we've had for years, thats how we got back into this situation and once again became a penny stock.
Another obligatory $45,000 is due this crew in 2 more days .. the unapologetic continuance of their own personal gain, divorced from positive performance metrics, achieved by draining dwindling Shareholder's cash even as the stock price remains sunk at less than the cost of a Pixi Stick ... results which are brought to us by failed, greedy and selfish company leadership, with a long documented record of poor money management, failed business judgement, indifference to the concerns and voting mandates of their Shareholders, and distrusted by Investors.
I expect this Proxy Vote result will likely be even greater than the 2:1 "Withheld" (against) this BOD than what appeared in previous years.
The Puppet Show of Excuses is/was as pathetic and sheepish as expected.