Was our Proxy campaign worthwhile? Yes! IMO. The odds were not very favourable going into this vote but our tally gave us choice of 1 and say in another 2 board positions. With 4-6 thousand shareholders involved, it's a little overwhelmng to consider plausible options for keeping this front united and actually being able to impact BOD decisions(before they happen) in the future. I've toyed with ideas that range from creating our own fund (logistically close to impossible) to militant vocals with threats of lawsuits constantly being a detractor for management. Neither of these extremist actions accomplish the positive result one would hope for. Plus there is probably only a short window(before further dillution) when either would be effective. Now is the time, while we as retail shareholders hold close to 50% is the time to have our next step in place. I would hazard a guess that that percentage has increased since Sept 22. So what do we do?
What if we were to approach Richard,( since he has been our rallying point and should not be a conflict of interest) and ask him to be proxy designate for us the retail shareholder. I could go on with this but let's just leave that idea open to air a little bit.
One voice for the masses hold advantages on a proactive rather than reactive basis. Imagine what the possibilities are if one or two of the hedgies have a falling out
Just trying to be positive with realistic options
