I've gone to 3 of the last 4 "September" Annual Meetings. At the last one I was given the floor for better than 5 to 7 minutes, in addition to my bringing up several questionable management practices, plus just a few question. The meeting was long "because of me". After the meeting many shareholders came over and expressed their concerns and told me they read these posting and are in total support of what we are discussing. They voted against Bill as CEO, etc. My standard is their standard and funny as it may be it "is Bill's". He sets his/the standard when he forcasts certain objectives. He fails and miserably when he misses these, especially by a lot. So I am only "rating" him by his own standard. Do you understand this? What do you mean by the use of the word "truth"? Doing as one said they will do?
As for the voting power of the shareholders at this time I believe that there are too many complacent shareholder and ones that wont even bother to vote. To start another 13D battle would be foolish as I believe that a "voiced" voting majority would suceed. You may not understand the process, but LAST year was THE year. Now it is up to the Board and I do believe that both they and the CEO have been put on notice.
The 2 Directors referenced as well as one original plus the one the shareholders forced the Co to take on 2 years ago seem to be very dissapointed in Bill. BUT they have been convinced that their in no one better in the industry plus convinced that if anything were to happen to Bill the entire company would probably go down the tubes.
I have expressed my dissatisfaction (not "anger") to Bill face to face, by letter, by email, and on the phone. I am surprised that you even suggested that "I should do this".
A need to clarify! You say, "he is still doing things not to your standard and of course he is still the only reason the company was not successful from your view." Understand, he has not performed in the manner HE STATED he would, the Co would - his own standard. How would I know what they should be able to do. I am just him and the Company based on numerous emial I am receiving from employees, past employees, and a few that are "in the industry".
If the proxy voting of last year were made "public" you be shocked, as was Bill, at the message that was sent to him/them. Considering he was the only choice running, relative to the "norm" and past NMTX votings, I'd say the majority of "those in the know" want him gone.
My plan as well as others - is to keep him on his toes. We want him to know that we are dissatisfied, want performance. Want him to realize that his job security will not be taken for granted as it has for better than 12 years.
Roland |
