In part. Today’s drop is also due to CXO’s investor relations deciding it was so important to put out an announcement about executive appointments and head office but to not include any information about the progress of the business, timelines, production or anything else that may be of value to the market.
I can understand the argument that you only want to put an announcement when you have something to say…..however once you’ve made the decision to make this one there is simply no justification for not providing some market update.
Really shows the absolute contempt they hold for their investors.
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