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American Shared Hospital Services Message Board

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  • mmmparsley mmmparsley Oct 28, 2010 7:33 PM Flag

    Somebody should buy this company out...

    You are being far too kind.

    A small shareholder? At least you are paying for your shares. You should have a voice commensurate to the amount of shares you hold.

    Mr Bates and his execs have siphoned off 7 million dollars in the last 4 years and investors have seen NOTHING! No share price appreciation. Breakeven profits.

    If the company feels confident that they will deliver, then they should postpone their annual bonuses and stock option issuance until after their growth initiative blossom, not before.

    This company is very attractive, just not with current management at the helm. How many years have they been accepting their bloated salary and taking in almost all the cash flow into their own pockets, through excessive business expeditures and salary levels WAY beyond companies of a similar size.

    Just being able to sell my shares isn't fair. The smarter thing is to make a lot of money, buy enough shares to eventually nominate directors, and put a little pressure on management, who seems to believe themselves entitled to living off the investor's profits.

    They spend $450,000 per year on their pad on the bay. For 10 employees! That will surely increase as prices go up. Any smart company would use cash flow to buy a small office and operate from there.

    Am I asking too much? This all seems obvious.

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    • You make some good points, although I don't think the company's future will be determined by its ability to cut costs or compensation levels. We, meaning shareholders, need Dr. Bates and company to finalize PBRT deals once either Varian or Still River get FDA approval. It is really that simple. Current management have built the company up before with Gamma Knife and I am invested because I think they can do it again with PBRT.

      In my mind the story is PBRT or bust.

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