Your Stock is Worth LESS!
William T Hull, Orion Energy Systems's Chief Financial Officer, recently acquired 107,416 shares of the company. The buys took place at $0.00 per share, on October 05, 2015. Hull now owns 107,416 shares of the company.
Your Stock is Worth LESS!
If by some chance Bill is able to effect a positive change at orion and the stock price substantially increases, no one will think much of the 107,416 shares the shareholders gave him, and before he has done anything... anything at all. If Orion goes broke and or is delisted (unfortunately a likely scenario) then it may be tar and feather time in Manitowoc.
Your Stock is Worth LESS!
Regardless, Bill needs the support of the shareholders and everyone at Orion. If he gets it maybe you stock won't be... WORTH LESS, if not... maybe it will be... worthless.
Your Stock is Worth LESS!
It means they are paying Bill far less than everyone else.
Hopefully they will stay out of Bill's way while he attempts to clean up the mess created by all the little boys. He can start by changing their diapers and wiping the snot off their dirty soft faces.
Good luck Bill, it's going to be a monumental task.
Was it the CEO or the board?
sniperman, you are correct though.
The board should have (and had better do it NOW) cut from the top and continued cutting all the way down.
The announcement of the hiring of Bill Hull has propelled the stock upward today.
This illustrates just how desperate the situation at Orion is. Good luck Bill, you have a big job ahead of you.
Yes... the board of directors "HAS" a fiduciary duty to the shareholders. Remember they are far from finished with that... Fiduciary Duty.
This act of hiring Bill Hull is only the first step of the complete and total overhaul necessary to salvage this company. The board must continue, and immediately trim the rest of the rotting, smelling, decomposing fat.
Keeping any deposed officer on staff is questionable. Certainly the "BIG CASH PAYDAY PAYOUT" has something to do with it. Really Though ... how much dead weight can this floundering top heavy company continue to support?
Let's give Bill all the support he needs in his attempt to try and save Orion. And hopefully those around him will not impede his ability do what is necessary, because if they do he like so many other good people will leave Orion for a professional adult environment.
No one knows for certain that Orion will be trading at 20-30 cents, maybe we are all wrong and it will be trading for 20-30 dollars.
Giving you advice as to your position in this stock would not be prudent and is not going to happen. Conduct your own due diligence and act accordingly.
We all hope this stock will turn around, somehow. Under current leadership (or lacking thereof) it seems unlikely.
Before doing that you may want to factor in management's BIG Cash Payday Payout. Probably Want to be a buyer in the 20-30 cent per share range... and even that's risky unless current management is looooong gone.
John (Are You Ready for Some Awesome Returns) Scribante achieves yet another milestone today as Orion drops down to $1.72.
A new all time low!
Are you referring to, John (Are You Ready for Some Awesome Returns) Scribante?
Well our boy, John (Are You Ready for Some Awesome Returns) Scribante did it again, another new all time low for this company. $1.73 isn’t that just special???
John (Are You Ready For Some Awesome Returns) Scribante. Are trying to sell Orion? What actions are you taking to salvage what's left of this company? Or are you just going to give yourself more of the shareholders money?
Why does the board refuse to act! Do the board and management have the best interest of Orion, the employees and shareholders in mind or are they only interested in themselves?
Immediate action is necessary (It may already be too late) to save this company. An entity or individuals with the resources and wherewithal to effect a total change of leadership. Experienced proven management with a real workable plan to save Orion is desperately needed NOW!
All lenders and creditors of Orion... Please withhold all moneys, resources and materials from Orion until the board has proven that an experienced, professional management team has been installed and has a real and legitimate plan to save this company. Should you choose not to heed this warning all will almost certainly be lost and you may not be repaid.
All shareholders... Please contact each and every member of the board of directors and demand immediate action!
All Shareholders... Please contact every member of management and demand their immediate resignation and they forgo the Big Cash Payday Payout they so unjustly put in place for themselves.
This is NOT an investor friendly company. The board and management have proven over and over again they are only interested in themselves and their own personal interests and have no interest in or concern for employees or shareholders.
If anyone expects management and the board to put their money where the mouth's are, don't hold your breath.
Just like you said stockwatcher... they want money, and a whole lot of it, in the form of salary and bonuses. Unfortunately this company has not made money, is not making money... in fact not even close. If the future was as bright and rosy as John (Are You Ready For Some Awesome Returns) Scribante says it is ALL, and I mean ALL, the officers and board members would be buying stock at this (ALL TIME LOW) and lots of it.
If James is dancing he's the only one. Everyone else is crying and looking for a rope.
Thanks alot... John (Are You Ready For Some Awesome Returns) Scribante.
This is yet another glaring example of just how poorly management treats their own people. When the company officers at Orion have no regard for their own people how do you believe they will treat customers, creditors or YOU ?
Always remember... Observe what they do, not what they say. John (Are You Ready For Some Awesome Returns) Scribante and his court have proven this again and again, literally from the time of his coronation. It is all (He) they know.
They have proven their words can not be trusted. Observe their actions for the TRUTH.
Yes sniperman, it is a shame, the company could have been something.
The constant change at Orion, the firing and fleeing of talented people, someone referred to it as churn. What it amounts to is (management) a greedy self serving group of people who have no idea what to do or even how to do that. And that... is a very dangerous combination.
Mr. John (Are You Ready For Some Awesome Returns) Scribante and his court have been crying wolf over and over again, and they will continue to do as such until the market pulls the rug out from under them or they show a significant profit. I suspect no one, not even John (Are You Ready For Some Awesome Returns) Scribante will hold their breath for the latter.
Another stellar performance today after supposedly winning a big award ?
This question is for John (Are You Ready For Some Awesome Returns) Scribante. Where are these Awesome Returns you speak of ???? Where, Where are the awesome Returns ???
As your income and that of management and the board goes up, up, and awayyyyy. The stock price goes down, down, down and now it's under two dollars!
Orion.... Swirling, around... and around... at the bottom of the bowl.... Is delisting imminent?
Have you made any effort to sell this company? Or are you just going to ride this down and escape with your Jumbo Big Cash Payday Payout ??? Leaving The employees, shareholders and creditors flat broke with absolutely nothing while you and your Court slither away with our money ???
Tell us John (Are You Ready For Some Awesome Returns) Scribante. We (The shareholders, employees and creditors) are at the very least deserving of the Truth.
Yes Jim... You are a true oracle.
And I Do want you and everyone to buy Orion stock, lots of it... buy everyday and keep buying, never stop.