His employment contract is insane. $150K salary and benefits- that's OK. Options for 31+M shares he can pick up within 3 years at ONE PENNEY per!!!!!!!!!! #$%$......Here goes the reverse split all to hell.
Ironic. We spend about a year pursuing the deal at 33% more than FDX offers. We get rejected based upon monopoly fears. Actually, I think it was a good thing that we didn't get approved but it was an expensive and wasteful dance given the break-up fees and other expenses. With the Greece issue front and center in the eyes of the EU, I'm surprised they would want to rule on anything prior to that matter being resolved. But, if they do, UPS will have been made to look silly. In any event, I think UPS needs to spend more in Latin America and the Asian economies to catch up with FDX there. It will take FDX some time to work out the TNT acquisition kinks and hopefully we'll focus or European energies on using that to our advantage.
"Substantial doubt of ability to continue as a going concern." Interesting considering your "FAQS" list you as a "leader " in the industry. BTW, they are trolling for interns should anyone be interested in how to learn what it takes to be part of a pathetically inept company.
As the weather conditions remain unstable it's hard to believe this will have no impact on Q2. Like I said, FDX will tell the story later this month.
FDX will let us know first. Hard to believe it won't amount to something vs. revenue/EPS.
They often used the word "imagine." I imagine a stock worth more than the pathetic penny a share and any P/R release that says anything about what they may be up to. Besides the key management people purportedly drawing a paycheck and having nice Washington, DC digs, what the heck is going on? They refuse to respond to e-mails (protecting themselves?) . This investment is one of my most glorious mistakes. I rue the day I read an article about them in the Philadelphia business Journal, discovered their impressive advisory board at the time, actually believed they might be cutting edge (they had a nice McDonald's game contract) in a growing industry and a person SUPPOSEDLY influential in the casino industry. What a colossal mistake on my part.
The question is if you saw a share certificate for 1 share of LLTI on the ground, would you waste the time to bend over and pick it up? I throw my pennies away these days. How the heck can a company that USED TO HAVE such an impressive array of Board Members have fallen so far so quickly? I think we can all (I wonder how many of us there are?) await a bankruptcy declaration very soon. I mean, how much lower can you go that valuing a share at one penny?
$.0184???? Are you kidding me? Why would the Advisory Board want to be associated with such a worthless entity? Beyond that, what are these AB members even providing in the way of expertise or counsel? So, we have a company in a news blackout and no way for investors to communicate with them? A truly first class organization....
Not only do they not respond to inquiries within their own system but they seem to have an information black-out. It's like the old "Get Smart" dome of silence. Boy, just how limbo low can they go?
No billy and more irritating than that they seem to have adopted a policy of ignoring all requests for information even when you use their own "contact us" method. No respect for shareholders whatsoever. As small company should not be so arrogant. It's not like the have the WSJ knocking at their door to an interview that they have to prepare for....
You seem to be a thoughtful sort. What is your background? Are you a present or Retired Teamster? If so, I would think you would want UPS to succeed particularly vs. FDX and USPS. Surely you know FDX is non-union and greater use of their network costs future Teamster jobs. Perhaps you used to work for UPS and had a disappointing career end? Are you game enough to tell your own story?
Well, it's now trading at $.0171!! The CFO jumps ship after so many other "key executives" have in the past. Just what is happening at this company to keep them a going concern? They don't answer e-mails sent thru their own system to they must be busy doing.....??????