Your implication was that I'm a servile schmuck when communicating with MSB. As in "Such servile shareholder attitude is so 1980s." Your words. Stand by them.
Oh, but I do stand by my words.
For they were prefaced - specifically and precisely - by the following:
"After all, the question of, "How much of my money are you going to spend?" is a pretty fundamental tenet of the expectation exchange between the providers of capital to a business (i.e., you) and the allocators of that capital (i.e., the company's managers).
With respect, I find it most bizarre that someone like you who comes across as being quite cogent and lucid in thought process, is satisfied with the de facto situation of:
Business Owner: "How are you planning to spend my money?"
Company Management: "We'll tell you when we are good and ready."
Business Owner: "Oh, OK,. Well, thanks for at least responding, then.""
And then very the first words after this spiel, were "Such servile attitude...etc. etc. "
And nary a whiff of a reference to Teva in my use of "Such".
No matter.
Distractions aside: that the owners of this company are effectively told by the management of their own company that where their capital is being spent, and how much of it is being spent, and how the company will be funded in the future, is not for them to know until such time as management deems it appropriate, is quite something.
But that the owners of the company find this to be a perfectly reasonable situation is enough to boggle the mind.
Viewed another way: on the assumption that you would like the share price to be higher, not lower, how do you think prospective investors (and I'm not talking about small investors, but large, credible institutional investors - the one's whose significant buying momentum would indeed improve the share price) get to the point of making the decision to purchase shares in the company if they don't even know what the calls on capital by the business are, or how those calls are to be financed?
Because, while this sort of pesky finance mumbo-jumbo might not matter too much to you, it is of paramount importance to the professionals.
And I suspect that the daily slide in the share price is strongly related to the uncertainty surrounding the financial position of the company, a condition precipitated exclusively by the information vacuum that now exists.
But maybe you are a long-term investor and don't care too much what the share price has been doing. But I'm sure there are other investors in the company who are sensitive to the dramatic falls in the makret value of the company.
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