Iggy Tan does not hold a single share with his own cash.
I agree that an on market buy would be a sign that he is willing to stand shoulder to shoulder with his shareholders and were the risks he is taking with our money.
Lets face it CR's are a proven path to getting a small company up.
My call for Iggy Tan to resign is regardless of the startup of the plant. It is the reckless attitude towards shareholder equity.
Like others here I sense massive SP manipulation with this companies price on the market. A takeover may yield a small premium to where we are now, but not give us anything more than what the company is worth. I fear we will see the price float down to dismal levels before a takeover is announced.
I will not be singing his praises when we start selling stock, reason is he has over diluted this company for questionable moves.
Igg Tan must resign.
GXY Price at posting:
13.2¢ Sentiment: None Disclosure: Held