No I didn't, MAKAMAI...I've been operating under the assumption that he monitors this thread, since he picked up on an earlier "open letter" suggestion I made a while ago.
The reason for the open letter approach was twofold: to find out whether a firm is listening to its shareholders(and, when appropriate, responding to suggestions), and also to try to stimulate support among shareholders to encourage BNTI to enhance shareholder communications.
BB stocks are particularly vulnerable these days to manipulation by people who may not have the best interests of the company at heart, as every long-term investor should. Everyone in this arena wants to make a profit - that's the name of the game. But the actions of day traders, spammers & slammers, and malcontents that use the internet forum as a way to gain attention and/or raise hell may derive short-term benefit from their activity, but rarely do they make any contribution to the long-term financial health of a company or its' investors. One way to minimize their impact is to help shareholders understand the real value of what they own, and how the firm intends to enhance future value. Once a BB stock reaches a major market listing it will be followed closely, spreads will tighten up, and it will not be as vulnerable to manipulation, whether by market makers or outsiders. But until then, IMO, in its own self-interest, management needs to keep shareholders well informed.
And yes, Owen Jones' example is what I had in mind when writing that message. Now I think it's time to hop off the soapbox. Hope the above has a positive effect on both BNTI and the readers of this thread. |
