Delighting in a share price drop is never a good look. Barry turns out to be right in some of the stuff he said pre-announcement, but tonight maybe he’s been on the beers. Unnecessary.
My main disappointment is that AT seems to have completely misjudged the reaction to the MRE announcement. The Bethanga pivot felt odd, or at least abrupt, and now it seems more sinister, because of the well below par MRE.
At the very least it’s a failure to communicate to shareholders on what is going on. Suggestions from other shareholders to call the company for reassurance is a sign of failure as far as I’m concerned. It’s his job to chart a direction forward, and that is absent at the moment.
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