yeah, it's called not delivering...chemist, you've been on here long enough and know of the fumbles by upper management at this company. this isn't anything new...they need to dump arthur and bring in some new blood...all he's doing is driving shareholder value out of the stock. can't give the guy any respect since he told the wires "all is okay" and the stock sunk 80% 6 months later.
yeah, he's 32 years old, making 300k, the companies up for sale so he's out to secure long term stability...if it's bought, he's gone so why not look elsewhere? good for him...he's done a great job.
yeah, "f" farber and his posse...this deal was done @ 17.84 prior to the dilution. The 4mm shares have no incremental value to the shareholder...nice f'in job farber, bedrosian and board of directors
as these guys grow up, meaning draw nearer to the 100mm mark, they will be on the radar of some fund managers, if they're not already and it will be time to meet with the investment community via quarterly calls to discuss their performance, future, etc... This mess could have been negated with such a call this past quarter. However, as we all know, they are relatively quiet when it comes to PR and haven't entered the conference call arena.
In the end, the blame starts at the top. Whether or not this company is still on the block is immaterial relative to his responsibility to the shareholders of this company. It's time to be more proactive with sharing the news so as to give this stock a chance and the investors, current and future, a look inside the company.
I hope they are more forthcoming with data relative to the future so as to settle the score relative to this debacle and help us better understand the direction of the company.
Good luck longs.
i hope not...the jsp deal diluted the crap out of this for the long term investor in the short term...there's no roi on the agreement with jsp if he buys back now...essentially a screw job. what was valued @ roughly 20 depending on your interpretation of "additional consideration" with PRGO may now be 15 because of dilution...would screw a lot of people..including many members of his board and executive management. just some thoughts on the "taking private" issue...would suck here