Joe, thanks for the addition.
On the day the MMC went into action, the new header was submitted to Wayne, and he was kind enough to print it.
In the interests of fairness, a link to the Management Circular was provided. That was the only justification (IMO) for its inclusion.
How many retail investors are left, to read what used to be a very active thread? I don't know.
Will we see the old debates return to life, with Pennsaid, Penecure and WF10 discussions? After all these years of corrosive disappointment, will we see the return of the analysts, institutional investment, a widely-understood and successful strategy backed by stable and cost-effective financing?
We've seen the emergence of a well-organized, well-targeted campaign that demonstrates attention to detail, and a good overview of the difficulties investors may face: whether it be making the decision, or voting their proxies.
Investors will have their say. Unlike other companies, where shareholders watched in helpless desperation as the company tanked, Dimethaid investors have been offered an alternative - a damned good one, too. Most would call it an improvement.
Almost a year ago, investors asked management to accept a smooth transition, in everyone's best interests. Management rejected that option, and will now face the consequences of driving the company, 90 miles an hour, down a dead-end street.
Shreholders are justfiably concerned about what will emerge from the wreckage.
Why? Was it the arrogance that so many have complained about? Or were they just completely out of touch with the realities?
One never wants to underestimate one's opponent. It ain't over until the Fat Lady sings. But investor sentiment, as displayed on the Stockhouse Straw Poll, is overwhelmingly against existing management. The sentiments being expressed about them aren't called "admiration", or "respect".
I believe The Markham Gang will go down, big-time.
Win or lose, a huge vote of thanks to the MMC, and those who worked anonymously for this moment. They've demonstrated competence and vision; they've given investors an alternative and a voice. Without the MMC, we'd be left with what we have.
Experience has taught us what that means.
Jim |
