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WEX Inc. Message Board

  • mnplumb mnplumb Aug 21, 2001 8:03 PM Flag

    Old management back in??????

    As L've said before this voting stuff is not good no matter which side of the fence you are on. I like to see the big shot's start buying shares back???? It's very simple, the old management has the presure on them, lets give them two or three months to get things in order,if not this stock or company is history. I still think the old management was sitting on our $$$$,thinking that they could bleed this company dry. I hope they let some of the new blood into this company,if not I see us at .50 or lower on the stock in the next month!!!!!!

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    • Well, now that the results are in and Call did not get his wish, maybe Winland can finally get back to the business at hand, trying to make this company profitable.

      We are all part of this company because we have taken stock in this company. If people didn't believe in this company, why did anyone by stock in the first place? Ralph Call is a part of this company as well because he owns stock too. Wouldn't it be much better if we would all work together to turn this thing around? Let's not fight amongst ourselves. I'm sure you've heard the ever popular scripture reference about "A house divided against itself cannot stand." Let's all do what we can so this company can realize a profit.

      Furthermore, if Ralph has such good ideas for this company, let's hear them. I've yet to hear Ralph say boo about his plan to turn Winland around. He complains a lot about how bad he thinks Winland is, but other than electing his own board of "yes men" and firing a bunch of current employees, he hasn't revealed his game plan. I know that Winland's current directors are taking some serious action by cutting costs, reducing inventory and embarking on a sales blitz. Why doesn't Ralph let the current board know of his good ideas?

      mnplumb, I agree with you on some points, but I don't understand why you think the old management (which I would assume you mean to be Kirk Sr.) was trying to bleed the company dry? Kirk Sr. has a lot of money invested in this company as well as Ralph. Wouldn't he want to see the price of the stock go up along with all the other investors?

      I really don't agree with all the company vehicles and the bonus checks to the VP's and stuff, but I'm guessing that will be changing. From what I understand, Lorin is really willing and eager to make some drastic changes that will affect the bottom line.

      As mnplumb said, let's see what happens in the next few months.

      • 2 Replies to gbyso
      • When the company was doing well, bigger pieces of the pie were cut for certain people. Did this lead to Winland's slump? No, but it didn't help. Changes have been made and things are moving forward. I agree 100% with gbyso that Ralph is only damaging his own investment. I have heard only bad things about this guy and I'm an outsider! Intimidation, firing people at the drop of a hat, etc. That, my friends, is NOT what this company needs. This guy's reputation is very well known in this area. People do NOT like him. Why do you think he moved back to Utah? Why do you think he was a "no-show" at the meeting? Isn't he the one that DEMANDED this meeting? That's a fine testimony of his commitment to Winland.

      • We will see if LK can turn things around so that the stock goes up. So far its still going down. We will see what will happen in the months to come, hopefully for the better.If things do stay the same no one will end up a winner.

 
WEX
105.41+2.87(+2.80%)2:31 PMEDT

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