Thanks, Mo.
I am satisfied with your version of Greg's explanation of the Missori issue. However, I also happen to believe that it would have been in the company's best interest to put that information in the press release that brought the issue to our attention in the first place. I am sure that I was not the only investor who wondered about the circumstances surrounding the Missori C&D order. In MHO, it is probably best to come clean about those types of issues when they arise, not simply try to skate around them, hoping that nobody notices.
Securities violations by company principals are an issue that every shareholder should be interested in. I don't think that this particular incident is of any consequence. If, as you say, the prohibition from trading securities in Missori is a "slap on the wrist" brought about by a very literal interpretation of the laws of that state, then I understand the formality of having to revise the EOP. I certainly don't hold it against Greg that the State of Missori has taken such a hard stance on this issue, and hope that Greg can somehow work out his differences with that jursidiction.
As you indicated, it appears that VSE regulators are correctly doing their jobs, but I hope that the exchange did not prevent the company from putting any type of explanation of the Missori circumstances in the PR. If so, then I would have to wonder what the purpose of the disclosure was, and whose interests the VSE is really trying to protect....
As a result of our discussion of these issues, do you think that you can convince Greg that he should be taking an active role in our exchanges here on this SI thread - getting an explanation directly from Greg in this situation would probably help dispell any lingering investor insecurities, and having a permanent presence here would also go a long way to improving the company's public relations image. Would you please pass along an invitation to Greg to have him participate in this forum....thanks.
GB |
