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Re: raise $1m at the expense of a loss of market value of around $10m

By: tkc in ALEA | Recommend this post (0)
Thu, 14 Mar 13 3:05 AM | 81 view(s)
Boardmark this board | The Trust Matrix 		Msg. 12858 of 54959
(This msg. is a reply to 12849 by Cactus Flower)
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Hi CF, I proudly dumped 20% of my WAVX the minute I saw thw PP headline. I read a lot of posts from unhappy campers. Will they vote for a new BoD candidate (if one could be approved by the nominating comm.)? We won't know unless it's tried. It would be interesting just to see if a viable candidate could be approved. Indeed the $1M is strange - they couldn't wait a couple days (if Q4 was more than decent) to use the ATM when SP spiked? I'm at the point where even though I'll suffer some I wouldn't mind seeing WAVX go under. Why? Because any shareholder that would vote for the current BoD deserves what they do to him. It's just plain stupid not to exert what little power a shareholder has. Dig, you're back as a poster on WAVXDD. I refuse although the monitor said he would readmit me 6 mos. ago if I wished. They just don't seem receptive to my counsel. I still think $10M+


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The above is a reply to the following message:
raise $1m at the expense of a loss of market value of around $10m
By: Cactus Flower in ALEA
Wed, 13 Mar 13 7:31 PM 		Msg. 12849 of 54959

the $1m raised (probably for those performance bonuses) cost shareholders around $10m in lost market value.

cool.

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