Thats why they don't seam to care about the share price or shareholder value.
Notice they have a lot of options though... a carry over from the big company mentality.
John mentioned to my broker that he had no experience at running a jr company... a jr is very different than a HBM... where cash comes from production and cash is horded like it was their own.... HBM has been sitting on almost a billion dollars over the past year and can't figure out to do with it... and at the same time the share value has dropped some 40%....
Now one novel idea might be to institute a divy to shareholders.... heck they are paying a divy to CAA shareholders, abeit reluctantly....!
CAA is now in a brilliant position to take a run at several companies that have additional deals with HBM.... What would an amalgamation of CAA, VMS, RCR and HLO yield.... A potential royalty company that's what.
A jr company relys on it's shareholders confidence and willingness to maintain the share price via additional purchases or telling their friends what a great investment that company is.... Can anyone in all good conscience say that about WEL. Every increase in share price is met with additional selling pressure...
A jr company is about building relationships and confidence to finance the projects. I would say that the school of jr investment is heaping some fundemental lessons on WEL managment.... The share price a testiment to that grade! Figure it out John or you are not going to pass this coarse!
JMHO
PS Robert you can vote your shares on line @
https://www.voteproxyonline.com/equity/pxsignon.asp
or
https://central.proxyvote.com/pv/web.do
