A truce you shall have....
I once thought we all wanted the same thing, but don't feel that way anymore. It appears a portion of the posters are content with things as they are and the huge movements in the stock price. If this is your position, I have no problem with that. I understand if you are smart or lucky enough to time this thing you can make significant money as things are.
Personally, I am interested in this thing for the long term. I'm not persuaded to buy or sell based on the day to day movements of the stock price. As a long term holder, I believe in the value of the company and it's potential future.
I use the word potential when referring to the future, because under the present circumstances I don't see things as bright as they could be.
I want to see the company run by someone that is focused on the company and its growth. I don't trust my investment to a guy that "works for free" and has 1,000 other ventures going most of which have resulted in signficant losses for shareholders.
I don't trust my investment to a guy that has less invested than me.
I don't trust my investment to a guy that continues to allow the same board members to remain on the board that are responsible for this mess we are in.
I don't trust my investment to a guy that sits by and watches another company position themselves to purchase more than 50% of our stock with no concern.
I don't trust my investment to a guy that creates another company that owes WLSA $400,000 that is never paid. This phony money looked great on the books for the short time it was there didn't it?
I don't trust my investment to a guy that turns over the company to an inexperienced guy like BP that creates this disaster.
I don't trust my investment to a guy that takes a two week vacation after becoming the CEO of a company that is a PR nightmare.
I don't trust my investment to a guy that doesn't attempt to enforce non-compete agreements against the guys partially responsible for this disaster.
I don't trust my investment to a guy here today and gone tomorrow.
I don't trust my investment to a guy that thinks the only profitable division of the company is boring.
I don't trust my investment to a guy that sells a division of the company to a friend on monthly payments without searching for other offers.
These issues have never gone away. Brad Herrin has had nothing to say after the CC. I agree with you, he probably isn't the man. But JS isn't the man either. He may be if you are interested in huge price swings, but he isn't the man for those of use interested in the long haul.
I'd love to see a real company buy us up for a reasonable amount, or a new CEO that believes in this company. Is Jack Welch available :)
