I agree Smokey. Even though they may still ignore the vote results, it is still technically up to vote. Thus, management should take this time to truly listen to shareholders' frustration. We have no pre-data deal(s), an IPO that has dropped the share price pretty much in half, and an IPO that netted significantly less than originally planned. Even if it was truly the market as being the reason for these things, it would behoove management to take a conservative approach to remuneration until the outlook looked brighter.
The only thing I can say is that it is a buyer's dream right now with prices this low, and I still believe the next year will yield some amazing stuff. However, shareholders can't hold such a high viewpoint if management does not communicate to shareholders effectively on where the future is going and why shareholders should stick it out. Basically, management is saying, "trust us". Shareholders are saying, "We already have. Sabby may be a major investor, but they are not the only investor. It is time for management to be completely respectful to all shareholders. I'm only changing my position to buy because shares are so cheap. Lol.
Peace.
BLT Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
