Honeymoon over
posted on
Oct 30, 2016 09:10AM
The payroll is probably huge now for 2 reasons 1) the adds to staff including acquired company staff and 2) the new exec and Board members are now wanting monthly pay not just options and warrants. They probably were okay with the "dowry" and wedding party but after 1.5 years they want/need their own cash flow. They may have underestimated how long it would take to get NRE or new revenue streams.
Unfortunately from this blog we have given them a lot of info and shareholder data they wouldn't normally have. They know the share profile of the blog "copper" investors thru our survey. They wouldn't have this data otherwise as most hold shares in street name. They may not like the idea that retail held such a large position and seem to prefer platinum investors who only pay 1/4 of the real street value. Go figure??? Were we a perfect sitting target ready to be manipulated and forced out? I don't know and doubt we will ever know much. Obviously their 2 roadshows didn't work. Unlikely I will ever accept anything from this exec at face value without factual proof. My first doubts were at the EC - first time I saw PC and from that my gut reaction from a CEO that said up and to the right was to dump my shares. I had 2 Bay Street guests with me and that was their reaction too. My second warning sign was the THM and my gut reaction was to sell especially when they repeated up and to the right. Again I ignored that unfortunately. Lesson learned follow my own rules next time.