Hi, Suncasper -
"I guess I own wallpaper - so why even bother to send in votes."
Watching the posts and the posters, the conclusion is that most shareholders have arrived at unchangeable decisions by now.
There's no point in going through the drudgery of enumerating all the issues. Nobody wants to make a rah-rah post persuading you to vote. It comes down to this:
1 - In many investors' minds, Dimethaid has not achieved its potential.
2 - What success has been achieved has been diminished by a long list of concerns and unanswered questions.
3 - For many investors, doubt about the company's affairs is compounded by lack of faith in management's statements.
That's not to say management is without defenders: there are some. But we have yet to see them provide any satisfactory explanations, either. To date, their defense has been to attack, denigrate, and threaten. The list of troubling questions could easily fill a page; not one of the questions has been answered by management, or their defenders.
Questionable statements, erroneous statements, false statements by management: investor threads are filled with the stories. I used to believe posts about such conduct were malicious, until I saw and heard it for myself. Now, I understand: these investors were motivated by a deep sense of betrayal. To be blunt, many shareholders feel they've been lied to.
Finally, there's the feeling that Dimethaid could do better - a lot better. The promise of the drugs remains. Many investors suffered a peculiar schizophrenia for years, as they alternated between support and scepticism about the explanations management gave. They couldn't make up their minds. They counselled patience, at the same time as they struggled to understand the latest disappointment, and its accompanying poor explanation - or lack of explanation.
Simply put, the reason we're at this point is because many investors - those that haven't sold out - have lost faith in management. They've had enough.
The tipping point was different for everyone. Some, years ago; others, only recently.
Is this summary enough to make you vote for management change? Perhaps not. I haven't gone into the long list of specifics. For most investors the facts, the reasons, and the history are burned into their memory.
They won't forget, and they won't forgive.
Your mileage may vary.
Regards,
Jim |
