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07/12/18
00:41
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Originally posted by MrAwesome
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Why are we even debating the science in the first place? I have personal expire of the benefits of MM. The sh1t works. It is the mind set of old money that has taken decades to change and the tide is turning. As a holder of all that I can afford I must say I am a little disappointed with some holders that refuse to accept alternative points of view to the management of the company. I am not an old man by many standards however I am frustrated when someone speaks out about the management or direction of the BOD in a negative way and that person gets slammed.
Remember the plant has much potential. "The plant" The management however still need to be articulate and inventive enough to be able to navigate through this new legalized opportunity. People do not get confused between the beauty of the plant and all of its potential and the people at the helm.There have been some great mergers and announcements by the management team that has set up but so far no results. Someone once told me to judge future performance on past performance. So on this simple basis how have the BOD preformed in the past. Not for them selves but for their investors?In the last annual report I was somewhat disappointed to see the wages the BOD were paying themselves for what I could see was very little progress. especially because of the recent change of direction. I have no problem with rewarding them for their work however considering the change from bauxite to MM it seams more like an opportunist than a strategic move by the BOD. " hey guys we are fast going down the drain this mining crap ain't working? hey lets try the MM market and see how that fly's" . This may not have been how it went down but boy from my perspective it is how it looks.
BOD start formulating pay increases based on performance only. Performance should be measured on income only. An increase on income for the company should reward you exponentially. Otherwise you just look like a bunch of desperate's doing your best to milk this baby for all it's worth before it falls in a heap. Don't get me started on the rental charges......
You are currently standing on the edge of the biggest thing since the DOT.com boom
Don;'t get me wrong I am fully invested with all that I am able to afford however am still somewhat unconvinced that right now our own BOD are willing to personally invest the same amount of their own capitol themselves.
Please HC don't take this down I would really like to hear any response from either side. Most posters here think and post like their crap don't stink and could do no wrong. me personally. I am a flawed man with a lot to learn and I only learn through trial and error. I am probably wrong with my personal opinion but am WILLING to hear arguments otherwise and am open to having my mind changed.
Posted by a stupid un educated but willing to learn invester
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Hi mate, like your honesty! Lot of talk about the BOD and family connections. I understand that our BOD hold significant shareholdings in the company and I may be have different thoughts on 'family' run businesses.