Re: 002399:CH
posted on
Jul 11, 2017 03:23PM
Clarity, openess and honesty....these don't currently seem to be part of the coporate culture at Resverlogix. We're constantly hearing about plans and intitiatives....and sometimes they state things in a very definitive fashion, as in "We will announce...." or they'll use more cautious, safe harbour protected language as in..."We anticipate/expect to....".
Something is going on behind the curtain imo....but whatever it is the decision has been made to keep it under wraps. That might be of neccessity, like with confidential negotiations...or it might be by design....its hard to say. At times DM can be quite chatty, like the bloomberg story from 2015 where he said there were discussions going on with multiple BP players....then other times they cancel the AGM and won't even tell us why, or skip and investor presentation with no explanation either before or after the fact.
End result in any case is that retail shareholders are very perplexed and annoyed. I have decided that this is the goal of the company.....to annoy its retail shareholder base. Its tricky of course, there are requirements about fiduciary duty....it seems to me that if the goal has been to annoy retail holders, while doing just enough to satisfy fidicuiary responsibility requirements...that they have it about right.