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07/09/15
22:24
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Originally posted by billyen
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No...it's my main holding. Not for much longer though.
I'm extremely upset with the management and the board. None of them really own a large amount of stock and much of the shares they do have have been GIVEN to them by shareholders via options.
I can honestly say I'd never seen anything like this in 28 years. They "believe" they can JUST tell the market what they are doing every 6 months and they are doing their job. They aren't!
I wonder if some resolution to have management changed are needed or
NOT re-elect the board members who are currently on the ballot will get their attention?
I've decided I'm going to the AGM...and I'll point out a few things to them. I used go to AGM and see those speakers go after the CEO-fireworks. I even had a part in a MD getting the boot in my younger days but, I thought I'd mellowed...I guess I haven't.
I don't like lazy conservative fat cats who do nothing to support shareholders when even a 7 year old can see what's needed.
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I agree, that's the problem with high tech companies, big ego's, no talk, little guidance but a lot of options for management. Codan has good technology, highly respectable. But needs to sell.
They need to put everything and sell, not one product type at a time.
cheers