Did Stephen Wiggins not anticipate the effect his conference cancellation would have on an already ultra-sensitive beaten down stock? Did he choose to ignore the consequences? If he cancelled to avoid revealing potential bad news, news that he would be forced to disclose anyway, his behavior is inexcusable. OXHP shareholders are prepared to hear the worst; there are no quick remedies to the problems that have occurred. We all, in our hearts, hope for a quick takeover to stop the bleeding, or a positive audit , resulting in a spike up in the stock. Our better judgment tells us , however, to hold OXHP at least 12 to 18 months for signs of a turn around, which would give us the double we are looking for. Before that, there may be further erosion of share price.
There are real people behind the ownership of OXHP shares. Stephen Wiggins has failed miserably in managing our company. Many investors are unforgiving, those who purchased in the 60's,70's and 80's. It was implicit, for those who purchased in the 20's, that management would never delay in disclosing bad news again. It is incomprehensible to me that Mr. Wiggins would cancel to avoid relaying negative news or potential negative news, when, it was clear that by not appearing, the stock would get hammered anyway. When was the last time your failure to keep an appointment cost the people closest to you over 180,000,000(market cap loss)? I don't get it! I just do not understand. There is one thing that I think I know,i.e., that the street and the late day sellers do not know anymore than we do.
We shall see. Good Luck |
