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Ann: Letter to Shareholders - EGM, page-18

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  1. 3,055 Posts.
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    Mybest, it's hard to believe it's come to this isn't it. Do you know this Alex guy? Does he have any plans now or was he just another angry and tired shareholder that wanted Jimmie out?

    This whole saga over the last few years could be used as a case study at universities. The thing I find really fascinating is the fact that it came to this when it could have been avoided. Communication is key and it just didn't happen here. Why were shareholders concerns seemingly only addressed when it looked like Jimmie was really in danger of getting the boot? Why did the board or Jimmie himself, not address the number of concerns and critisisms on here when we know for a fact that the CEO actively monitored this forum?

    I feel going forward we'll really see how effective this board is. Did they prepare for this situation and what will be their next steps? Will they finally address shareholder concerns and be seen to be taking them seriously?

    DYOR. My opinions only.
 
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