*sigh* Look, I don't mean to sound constantly negative. I really WANT to hear good news from these guys. Am I glad Peter is gone? Hell yes. He did ONE communication with us and that was his improved monthly communication.
Like you said, we, as shareholders, don't have any idea where the company sits financially, nor do we know what kind of things are happening with this capital group. And could we trust what they were telling us anyway? Probably not.
Oh but great news! Jeff back in the CEO position? He is going to have improved communication? What? Right. Our memories are not that short guys. Unless he started taking some communication classes, Jeff was just as bad at communication as Peter was. We had just as much knowledge of what was happening with the company as when Riordan was running things. It's all words on a PR announcement unless you actually follow through, and we are pretty familiar with the history with NTEK and follow through.
I guess if it's an interim thing, sure...but how good of a CEO are they going to be able to get when this person looks at the company and sees where it is going and what's happened to it in the past two years. They would have to look at the share compensation and realize that they stood to lose even more money if the process continues. Maybe someone that really likes a challenge could take over, and ff they could get someone like that, sure, it just might work. Maybe someone that can negotiate a majority shares sale to another company. Please, oh please let that happen!
I just don't understand how all these people that are supposedly industry giants have managed to drive our investment down so damned low that even at the low prices I got into NTEK, I am showing a tremendous loss, and even if the PPS increases, my actual value in the company is so much less from all the dilution they have done. It's inconceivable what has been done to all of our investments into this company.
If all these promises come into fruition (I'm not holding my breath) and they really do improve communication, great. I don't see it though. Jeff is probably a perfectly nice guy, but he didn't communicate at all before Riordan. I don't imagine that is going to change much in the near future. I hope it does. Maybe there is a plan that they aren't telling us about. Here's to hoping. Unfortunately all there has been with this company for years is hoping. Hope has not worked out well for us that remained loyal and didn't flip the stocks repeatedly. Those of us that have done that have fared the worst out of everyone.
Sadly, what looked like such a great company to invest my income, is slowly turning itself into a lottery pick.
Like you said, we, as shareholders, don't have any idea where the company sits financially, nor do we know what kind of things are happening with this capital group. And could we trust what they were telling us anyway? Probably not.
Oh but great news! Jeff back in the CEO position? He is going to have improved communication? What? Right. Our memories are not that short guys. Unless he started taking some communication classes, Jeff was just as bad at communication as Peter was. We had just as much knowledge of what was happening with the company as when Riordan was running things. It's all words on a PR announcement unless you actually follow through, and we are pretty familiar with the history with NTEK and follow through.
I guess if it's an interim thing, sure...but how good of a CEO are they going to be able to get when this person looks at the company and sees where it is going and what's happened to it in the past two years. They would have to look at the share compensation and realize that they stood to lose even more money if the process continues. Maybe someone that really likes a challenge could take over, and ff they could get someone like that, sure, it just might work. Maybe someone that can negotiate a majority shares sale to another company. Please, oh please let that happen!
I just don't understand how all these people that are supposedly industry giants have managed to drive our investment down so damned low that even at the low prices I got into NTEK, I am showing a tremendous loss, and even if the PPS increases, my actual value in the company is so much less from all the dilution they have done. It's inconceivable what has been done to all of our investments into this company.
If all these promises come into fruition (I'm not holding my breath) and they really do improve communication, great. I don't see it though. Jeff is probably a perfectly nice guy, but he didn't communicate at all before Riordan. I don't imagine that is going to change much in the near future. I hope it does. Maybe there is a plan that they aren't telling us about. Here's to hoping. Unfortunately all there has been with this company for years is hoping. Hope has not worked out well for us that remained loyal and didn't flip the stocks repeatedly. Those of us that have done that have fared the worst out of everyone.
Sadly, what looked like such a great company to invest my income, is slowly turning itself into a lottery pick.
