It is kinda funny now.
I will probably keep the last few shares I have left, > 5,000,
As a reminder, to keep me honest, on my feet, and uninvolved in the future.
Cos,
I don't think you were necessarily right on all accounts.
You were right about the stock and its direction, and the company clearly stinks.
Where I think you were wrong, IMO let me say that again IMO,
The products are sound, good, and "could" have a great future.
Where you were right.
Whoever is in charge is a sham. What Asencio said was about the products. I still think he was wrong on that. What he could not see, or missed, was that the guys running the show missed the boat.
Some of the responses to my post have been interesting, "I" think y'all won for all the wrong reasons. (Not that this has ever happened to me before:) Y'all made money, be happy
The real losers in this deal are not the shareholders, They just lost some money, and they have more. The real losers are the people directly involved with the company. Not the executives and management, but the workers that think management has the future of the company in mind. The worker that thinks Management wants to propel the company forward. The guy that works on the line that doesn't want to look for a new job because they like where they are and whom they work for today. A line worker at GM knows that despite all of the crap they endure, The Management of GM wants that worker to have a future with GM and therefor GM must have a future
.
From the lack of information, From my perceived lack of effort by management to give investors informed hope of improvement, I can only say, I think management got their IPO done and thought that was all there was to do. I don't think they realize they will be out of money, luck, and shareholder support in short order. At that point, that worker will realize how badly management let him down.
I have seen the short comings of Management, which are always known by them, destroy many companies, and with the companies, the hopes, prayers and dreams of many of their employs. It is never a pleasant sight.
I am in the investment business. I buy and invest in companies because I think their stocks will go up for one reason or another. I short sell stocks I think will go down. When I do this, it is not because I think management will screw up and drive the stock to zero and the company into oblivion. I sell short investor over excitement, and unseen, undiscounted industry change.
I do not think ERGB intended to mislead the investment community. What I now know that ERGB management failed to live up to the expectations the investment community most likely due to their own shortcomings. Not only have they disappointed investors, it is apparent, from the constant stock price decline, that management lacks the know how to handle the business it worked so hard to bring public.
These are the comments of a disgruntled investor. I know I am not the only one that feels this way. Perhaps the Executives of ERGB can turn the situation around; maybe the hurdles involved in the implementation of the solution are to high. As an investor, it no longer matters to me. If I see progress, I can come back. Clearing those hurdles is much more important, to the workers, to the sales people, to all at the company that expect those charged with running the company to clear the hurdles. Their dreams are at the finish line.
Jim |
