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Scott's Liquid Gold Inc. Message Board

  • longtimefollower longtimefollower Jun 26, 2013 7:25 AM Flag

    By my calculations, outside shareholders voted roughly 2 to 1 to withhold managment.

    If you exclude the 36.5% of shares held by management, and the ESOP, and you assume most or all of the ESOP shares voted for Goldstein (presumably out of fear of being fired if they don't "toe the line"), the outside shareholders voted 2 to 1, roughly, to WITHHOLD Goldstein, and every other board member, except, perhaps, the new guy, Mark Goodman, who got a somewhat higher vote total in favor, than the rest of Goldstein's lackeys. This is astonishing, considering there was no organized effort by any shareholder to run a proxy campaign. Let us hope that the board gets the message that the outside shareholders are sending.

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    • In my humble opinion, this management and BOD are successfully entrenched and here to stay. The only hope current shareholders have is that this latest round of activism and public view into this tragedy of errors (and greed) shake some operating sense and smarts into these bozos. If this is to occur (a sharper, smarter stewardship) AND the "business" can endure and excel above and beyond the high overhead, then MAYBE the stock has a chance. Unfortunately, the chances of sharper, smarter stewardship and/or an enduring/excelling "business" are very low. The chances are greater that the ineptitude proven so far is expanded by way of expansion. These guys will try to put whipped cream on dogsh*t and call it a sundae. Get out while the stock trades above zero is my 2 cents.

 
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