You are right buildit, Joe probably didn't have an
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Posted On: 11/18/2020 2:39:17 PM
You are right buildit, Joe probably didn't have any better choices.
However, don't come on the board, or thru surrogates, and say you have not idea who is selling. That it is due to dishonest people. It's an attack by former deals JOE made. When in fact he knows he's been averaging about 5.7M (using your numbers without going back to look up) shares per quarter of conversions that then get sold to the general public. Be a man, come and say "We have bills to pay and salaries to pay, so we have been converting minimal shares necessary to pay those bills". We would all understand that, and in fact, we all expected that is what was happening. It's all about integrity!
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Yes, I must admit I feel a little misled that we may have been "chasing ghosts" for the last month or so, when at least part of our troubles have been due to the conversions. But frankly I don't think Joe really had any better options. At the end of the day, the lights are still on, Joe has still been dragging this beast forward, and MUCH progress has been made in the past couple of months.
However, don't come on the board, or thru surrogates, and say you have not idea who is selling. That it is due to dishonest people. It's an attack by former deals JOE made. When in fact he knows he's been averaging about 5.7M (using your numbers without going back to look up) shares per quarter of conversions that then get sold to the general public. Be a man, come and say "We have bills to pay and salaries to pay, so we have been converting minimal shares necessary to pay those bills". We would all understand that, and in fact, we all expected that is what was happening. It's all about integrity!
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.