Hi Breadwinner,
The same thought crossed my mind.
I hope it isn't so.
I have serious concerns with the biggest shareholder having a representative on the board at the same time as flooding the market with more shares than can be sold in
the short term.
What I find strangest is that each time they do it, the total value of their shares is reduced by more than the money they receive from the sale.
Should it be them again, I think that En(d)Trust might
be wise to consider having their representative resign from the board.
It seems to me that the primary concern of a boardmember is to look to ways to strengthen the company and as a consequence, increase the SP.
When the actions of Entrust are to have the effect of
lessening the SP and reducing confidence in the SP, I
(for one) believe that their representative should recognise the conflict of interest and stand down.
I am most interested in hearing other 's opinions.
Blackpete
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