Back in May this year, a **elli analyst report by Matt Trusz gave the company a share price valuation of $10.00.
Greg Vesey’s twitter response was: Thanks to @InvestGabelli (G.Research) analyst Matt Trusz for initiating coverage on @lnglimited today with a BUY recommendation. We look forward to our ongoing dialogue with you. The share price at the time was $0.40.
6 months later it looks like substantial holders Baupost - (Just sold down from 11.4% to 9.8%) and IDG - 9.8% (down around $15 Million in just over a year) don’t think GV deserves his bonuses.
GV’s last financial year remunerations alone being around $1.6 Million, he made more in the last year than I made working over 30 years. Without his bonuses the company might save around $700,000.00.
Moral to the story, don't speculate on what you can't deliver, because share holders don't forget!!
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