I’m wondering why someone like Kellogg with his stellar credentials (Ivy League, CFO of Merck …. annual income of some $9+ mil a year) has not lived up to his capabilities the length of time he has been on the Board of Directors. From ADM where we were to go hard at 100 customers (which we never had) to now waiting on a semi-socialist judicial system to quickly allow the reincorporation of a bankrupt factory (drop-dead date = July) …. all of the effort that has taken place with this company which has been in operation for 20+ years and never ever (so far has spent some $425 Million) produced anything. I understand that it was announced at the Annual Meeting that we now have a second “Annual Customer”. I don’t know what an “Annual customer” is, but suspect it is one that buys on a continuous basis. Does saying we now have a second annual customer mean we don’t have 60 customers, but we have 2 customers?
What in the world is going on here?
Are the past 20+ years all in vain? Why is the stock price selling for the equivalent of the cash on hand?
For GOD’S sake, Board of Directors….when do you want this company to turn the corner?
If there’s a big secret, it certainly would be nice to bring it along. If there’s no secret, why are we in business? You’ve certainly traumatized and exhausted us all – shareholders and analyst alike.