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Christopher & Banks Corporation Message Board

investor_cpa 3 posts  |  Last Activity: Aug 14, 2015 2:47 PM Member since: Feb 1, 1998
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  • Reply to

    Let the Shareholder Lawsuits Begin

    by investor_cpa Aug 14, 2015 1:38 PM
    investor_cpa investor_cpa Aug 14, 2015 2:47 PM Flag

    Yes, I meant Joel Waller (sorry) and also Macellum.

    And let's divert our MPW cap ex budget toward a stock buy back NOW which would be a much better use of our funds. And, Mr. Peter M show us your belief in this company by buying 100,000 shares at the current price - be greedy when others are fearful.

  • Dear Ms. Luann Via and Mr. Peter M,

    You have lost all credibility with the investment community and your business plan. It is time for CHANGE NOW and no more excuses. Here's my action plan - First, halt all capital expenditures related to MPW strategy where you are spending millions with zero or negative returns. Next, offer to take a 50% haircut on your salaries with no bonus for this horrible performance. Finally, let's take Marcellum's advice and bring Joe back as the consultant. If Ms. Via will not cooperate, she should be asked to resign and appoint Joe as our CEO. I suspect both of you knew during the last conference call that things were worsening and chose to say nothing. We are now sitting on very significant losses and you both need to accept responsibility for this situation and stop passing the buck that it is macro factors. You're not building credibility by saying that.....Why not say we screwed up and here is what we're going to do fix it? Own up to it NOW!

    InvestorCPA

    Sentiment: Hold

  • I am disgusted with CFO, Mr. Peter M, and lack of transparency into Company's financial performance. Stock is falling precipitously without any update on financial performance this quarter? No insider buying by CFO , even after 60% loss, also concerns me, despite Ms. Via's purchases. And last quarter, management was taking bonuses? This #$%$ has got to stop. It is time for shareholder activism and if management team is not going to put shareholder interest first as they are required to do as fiduciaries, it is time to clean house. Tell us the truth and stop sugar coating things. Ms. Via and Mr. Peter M - Please admit when you need help and ask for it. No more excuses. Institutions are now unloading because stock is below $4 so why don't you give us some news to cheer about? I have been a long-term shareholder but am losing patience. Make us proud and show us that you can show leadership qualities. Time to ACT is NOW.

CBK
1.68-0.02(-1.18%)12:18 PMEDT