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Cenveo Inc. Message Board

webmagic49 30 posts  |  Last Activity: Jul 7, 2014 9:22 AM Member since: Feb 5, 2007
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  • webmagic49 by webmagic49 Apr 26, 2014 12:55 PM Flag

    Humpty Dumpty was almost right again! He was one cent off from the stock having a "2" in from of it. The man's simply brilliant!

  • Joe, this is dad. Immediately get on the horn and try to find out who is selling, and I mean now! Then make a few calls and try to find out why no one is believing our story and buying our stock. I then want you to call David L. to see how many shares he owns.

    Why only St. Louis Plant expansion corp news release and no corp news release on all the plant closures. Was this an attempt at a head fake that there is a real strategy?

    Wait until that law firm from NY gets a hold of the books and sees the tremendous breach of fiduciary responsibility displayed by the RJB, Sr. Nepotism, fat salaries, free shares, bonuses, no separation of CEO and BOD, BOD filled with Yes People, etc. He runs this company like he lives in Russia and he has no shareholders. Is that tic tic tic tic goes the legal time bomb I am hearing? He has cost a lot of people a lot of money with the precipitous drop in share price all the while pulling seven figure comp packages for him and his kids. I wonder if the Gors people contacted this law firm? Or maybe IP? Time will tell especially if someone steps up as the lead plaintiff.

  • webmagic49 by webmagic49 Apr 22, 2014 10:03 AM Flag

    Another Cenveo legal issue hits the wires. Hey Bo Young, Bob wants (needs) his money! Pay up! The minority business deal is done, caput. No one is buying that line of BS anymore!

    On another note, if the old man died tomorrow, he leaves a legacy of about $1.2 Billion in debt to the boys. Shameful. He is so deep in this his only option is to grab all the cash he can for himself, his children and the others in his family. Let's wait to see where this pending lawsuit goes with Levi and Kaminski. Looks like a slam dunk breach of fiduciary responsibility to the shareholders. This applies to a lot of us employees that had bought stock over the years. The average CEO in the US makes approx. $180,000.00 per year. Bob has averaged about $6 Million over the last 4 years and the stock price has gone no where but down. This coupled with the salary the kids get, and not to mention any in-laws that may be on the dole, we are talking millions and millions of dollars in personal wealth and gain. All while the common employee gets squeezed repeatedly. No 401K match, horrible benefits, no job security, and no raises. With no raises alone, every year you loose money due to inflation. Terrible.

  • May have to change his name to Humpty Dumping!

    Regarding the coerced share purchase pressure, I think he thinks it does two things:
    -locks people into the company
    -takes more outstanding shares out of the market

    Me thinks he's worried about an ugly proxy fight. I think he #$%$ off IP and the guys who owned National and I bet that they are coming for him. Rumor has it that the Gors guys have real deep pockets and my guess is that they alerted that law firm into looking at the breach of fiduciary responsibility to shareholders. Could very well get interesting.

  • Reply to

    Law firm investigating CVO?

    by phudpucker99 Apr 11, 2014 11:15 AM
    webmagic49 webmagic49 Apr 15, 2014 9:34 AM Flag

    management should be nervous! This does not happen to up front companies with ethics and a separation of power between the COB and the CEO. This actually has teeth! What else would you expect management to say. Given the chance, they would throw Humpty Dumpty right under the bus.

  • Interesting how the 6 month lock-up ended and the all of a sudden bashers/short sellers show up in full force and the company is potentially facing legal action for a breach of shareholder's fiduciary responsibility. Seems way too coincidental if you ask me. Regardless of what the published financials say (few read them), when the facts of his reign of greed are brought to the attention of the masses, he could rank right up there as one of the worst of the worst. It is so funny how the President of UCONN cozied right up to him in the wake of the infamous January 20, 2011 letter to the college reneging on his contributions to the school. Obvious she was swayed by the almighty dollar or obviously didn't do her homework or didn't care.

    I challenge anyone to draw a graph that charts the last 10 years of share price performance as it relates to Robert, Sr. income. Then add each of his sons and what they have made over the past few years. We are talking millions peeps and the stock price remains under serious pressure. My husband and I really feel as though there is a case for this class action lawsuit to move forward. Our retirement has been hurt by this man.

  • Reply to

    Jacksonville RIP

    by nycenvelopes Feb 24, 2014 7:14 PM
    webmagic49 webmagic49 Apr 13, 2014 12:58 PM Flag

    Spammers from India are in complete control of this board! Lots of bogus posts.

    Here is what I would say happened in Shelbyville. Local HR told by regional HR what the plan is by regional VP. Then regional VP is over-ridden by one of Robert's boys who see this as a cost save that they could run to daddy with. News flash, they just don't care about you! You are nothing to them!

    I can't wait for people to start lining up to create a class action lawsuit against Cenveo for a breach of fiduciary responsibility. My guess is that IP and Gors is behind this. All the institutional investors will jump on Burton's back. Just getting interesting. Hopefully he will crash and burn upon re-entry!

  • Reply to

    Law firm investigating CVO?

    by phudpucker99 Apr 11, 2014 11:15 AM
    webmagic49 webmagic49 Apr 11, 2014 1:35 PM Flag

    So coincidental, I suggested that this happen a few days ago. Won't matter, Robert is above the law (cough cough) and is guided by nepotism

    The average CEO in the US has a $189,000.00 per year salary when they are profitable. Up until 2012h I think he made $9 Million as the stock tanked. He promoted all the boys (an rumor has it other family members) and their is no separation of CEO and Chairman of the Board.

    You tell me if there is a breach of fiduciary responsibility. I can't wait for the Annual Report to be releaseed8K and 10Q will say it all.

  • Reply to

    Amusing - 2006

    by nycenvelopes Apr 10, 2014 7:37 PM
    webmagic49 webmagic49 Apr 11, 2014 9:32 AM Flag

    You want to see amusing, Google search Robert Burton letter to UCONN. It is about 7 pages, read it and try to get through it with out either busting our laughing be being completely disgusted. When you roll this all up into one, you realize that you can't embarrass this guy and it is all about the money and greed. Who writes letters like this?

  • webmagic49 by webmagic49 Apr 10, 2014 12:05 PM Flag

    Down $.11 today and almost at the $3.00 mark again? Who is dumping now? I thought all the shares issued when National was acquired were sold earlier this week. Anyone have any answers? The selling couldn't possibly be based upon fundamentals could it? Not with the best management team in business running things!

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