Resign at this time? If you think that an over payment of bonuses hurt shareholder value, can you even begin to imagine what an exodus of the company's officers would look like, at this time?
Compensation has always been an issue on this board, however, in my view, this has always been a stock that will provide for huge gains in the future or go straight to zero. From my cheap seats, so far, the company appears to be progressing fairly well. I trust you also agree with the state of their progress?
I have to figure that at $2.40ish or so, you are firmly 'in the money' on all of your shares. I have to question why you would not trust management enough to wish their departure, yet continue to invest in them. I say, "In them" because all you have are the people you distrust the most, making up the value of our company.
May I also gain from your post that the settlement / suit involved mainly or exclusively you?
Nothing is ideal in the penny stock world, but this is one of the best ones I know of, and worth the risk to me. It appears, it is worth the risk to you too. Obviously, the SEC, and FINRA did not find any issues, they have a decent accounting firm (BDO as I recall or one of the other 2nd tier firms), and both of us are still invested. |
