(Total Views: 247)
Posted On: 12/18/2020 4:00:55 PM
Post# of 17
Sinking Ship
GWTI senior management and board of directors turned down a potential contract worth at least $100mm in profit thereby breaching its fiduciary responsibilities. They insist on pursuing a ridiculous business model at the expense of shareholder value. Incompetence abounds. They have failed to raise any significant funds since before issuing 200mm more at the one and only shareholders meeting in their multi-year history (SEC Violation #1 of many). In my opinion, shareholders should vote the management and entire board out asap if they want to recover any value. Over $9mm in debt with no income on the horizon.
GWTI senior management and board of directors turned down a potential contract worth at least $100mm in profit thereby breaching its fiduciary responsibilities. They insist on pursuing a ridiculous business model at the expense of shareholder value. Incompetence abounds. They have failed to raise any significant funds since before issuing 200mm more at the one and only shareholders meeting in their multi-year history (SEC Violation #1 of many). In my opinion, shareholders should vote the management and entire board out asap if they want to recover any value. Over $9mm in debt with no income on the horizon.
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