Very pleased to read that Katok and Cmonaussie have expressed their, very knowledgeable and reasonable, views to management and, that, IMO, is precisely what needs to be done.
I have taken similar action, again, just with reasoned thoughts and suggestions, no need to kick heads quite yet, but, vital that management is told by their employers how they believe that things can be improved and very quickly.
Ray James has got to finally realize that he manages a company FOR over 7,000 shareholders, it has long not been his little baby. It has long changed from "working to geological time" to working to "market" time.
This is 2013, the age of "communication" when information is demanded and so easily provided due to our technological advances.
Icon shareholders are no different, they are not expecting a ball by ball description, but, they must now be brought into what is happening with Icon and to feel as if they actually do have ownership of this most exciting project.
And, again for what it is worth, with the very low volumes that we have experienced over the past two weeks, with the exception of that post-BPT report, (that alone "suggests" a few things!!) we must not ignore the fact that Pershing dumped another 3 million shares into that very illiquid selling market and the inevitable crash had to occur.
They have now offloaded 8 million shares onto that illiquid market, with virtually no buying resistance, due to no information. No wonder our SP is where it is!!
Let us not ignore Pershing and their raison d'etre!!
I am still sticking to my view that they are being used to offload what was developing into a pre-emptive strike preceding a hostile T/O by a "significant" group, maybe even just to roll the Board, and when Chevron came into the equation, they have run for the exits.
The next numbers report from Boccione will indicate whether Pershing has still got more shares to sell and, understandably, I would think that with that unknown still hanging over the market, buyers are wary about getting back in. So, IMO, Pershing selling is still the number 1 "concern" that is preventing more positive buying and secondly, Icon management must become more upfront with their shareholders and remove all of that uncertainty and speculation, very quickly.
And as for that person who prepares those Beach reports, he must come under one of three categories. He is either fundamentally naive of market sensitivities, professionally incompetent, or,(under instructions)downright mischievous. If Beach doesn't sack him, if it is either of one or two, then, I can only conclude that the latter must apply!!!
Very pleased to read that Katok and Cmonaussie have expressed...
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