Good intro to company but did not and cannot make compelling case for valuation. It is certainly not a value stock at current levels. They have done a super job at cost control. Now they need to show growth with cost control. Q2 and Q3 will be interesting especially the 7-11 segment. Given 7-11, i'd consider less than 25% growth a failure, 50% would be nice, 100% would be a game changer..
isnt your blanket support for management which has miserably failed to deliver an ROI over the top?
Now that shareholder apathy has allowed minority to elect BoD, look for Sanderling to sell into weakness as they did last year with share price drifting lower. Then in mid to late July, look for manipulated runup to 1.62 so that they meet $35M market cap requirement. IMHO.
We are in general agreement with exception of %s. Over 9 M non-votes are brokers and those who hold in the street name. 7 M for BoD is about 40%. So 40% are deciding, most of the rest are apathetic and about 5% really care about shareholder value.
BoD got minority of vote 7M compared to 9 M who did not vote. "To Withhold" increased from 90k last year to 700k this year.
Middleton's personal holding have been reduced to small value. Most of the shares attributed to him are that of Sanderling Ventures of which he is a director. Sanderling is VC firm, investing in private companies and selling stake when they are public. It has been slowly selling its stake in STXS. Imo look of another series of sales after the proxy and look for them to give this post thumbs down as the truth hurts
after they have your sheepish yes vote, do not be surprised if Middleton/Sanderling sells more shares. look for them to give this thumbs down as the truth hurts.
If history is an indication, maybe nothing happens until the 31st, or even after (ie they get forbearance extension) - that way creditors hold on to cash and management holds onto their jobs.
while these negotiations are sensitive, they are also material and the company is abrogating its duty by keeping shareholders in the dark.
I voted No on questions with exception of accounting firm, also voted To Withhold all directors. Looking for fresh blood to unlock the value of this gem.
it looks like investors may not go above $2 without more certainty. without news risk of BK is offsetting reward to much higher prices if deal is done under the right terms. time is ticking towards the end of forbearance period on may 31