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01/12/17
13:29
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Originally posted by wallstreet2
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I agree with your comments 110%.
I was at the AGM and was never given the opportunity to ask these very same questions.
MO speaks a lot and it reduces the time for questions thus avoiding the hard questions that would/could be put. If one back tested all previous announcements over the last couple of years you will find that very few projections have come to pass and very few announcements have been made to notify the SH and the market at large when circumstances changed (as the changes occur), and not slip it in their quarterly commentary.
Bottom line is the SP has fallen approx. 60% since the CR and no explanations are given , except we keep getting all these other "gonna do" statements. I think the Management team ( and in particular the CEO/MD ) should take pay cuts by at least 50% to reassure SH/investors that they are genuinely trying to create value for SH.
No company can survive on grants and CRs indefinitely.
It is time for SH to apply all the "pressure" that is available to them for Management to turn things around.
One gets the impression that if they throw lots of balls up in the air along the journey it will keep them employed until retirement ??, at the expense of SH/CRs and Grants !
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Yeah, well we went all over this a few months ago. The only way to get the requested answers is to ask MO and be a though interviewer. Alan K. didn't hesitate to interrupt to ask tough question.