Most fund management companies require somewhat of an...

Most fund management companies require somewhat of an independent board and also a more liquid share register. Dicker Data is completely non independent at end of the day, and the share register is not about to change enough to become super liquid. Furthermore David Dicker would appear to be the guy that is interested in building a company and therefore would likely have no interest courting the funds management people. The funds management people have no use for someone like David Dicker as he wont help them with their next job or next fund raising activity. Nor is he in anyway reliant on their support to grow his company. Compare many public companies where CEO wants to expand he needs support of funds management so he can get more cash to squander. In this later case CEO gets better pay cos company is bigger even if EPS goes down and the funds management crowd get there cut of the action even if EPS goes down. I am happy with non independent board and would rather take a gamble on a key personal risk when the CEO has built the company and probably has most of his wealth riding on the company, rather than risk betting on a career CEO who is getting huge pay irrelevant to what wealth he has created with his shareholder funds.