'BillNeuburger' pid='44889' datel Wrote:I try to respect all opinions even when I disagree.
For example, and to be honest I have been a proponent of this for a long time, and expressed as much, but never got the time of day..
I think given the delays and the cheapness of shares it would have been nice if before the black out period they had a tender offer for say 10% of their shares at whatever price that could provide a floor, tender offers don't happen overnight, there's a timeframe to work around and it buys time. Given the circumstances and the future, and the fact that they were likely thinking about the VC deals for some time, this would have been a logical step to maintain stability, and buyback stock all in one shot. Holders who wanted out, could tender, those who wanted to hold on, could hold on, and it would just help the situation. Instead they bought back some stock when they were able to, and have been unable to do virtually anything with the blackout period now in effect for some time. They needed to think ahead, sure there have been many delays that they didn't expect but it should have been a tool in the toolbox ready to be deployed if there was any inkling of a delay..
Of course hindsight is 20/20, but if this has been on my mind for many many months, they should have also been thinking about this as a tool to utilize. Instead, we are shareholders in a blackout period without protection, I'm sorry but that's not exactly kosher with me, when they had options. Just my two cents, and I've been holding during this bludgeoning.
All good Bill. What I'm saying is that:
- I generally prefer management to run a company and don't worry too much about the share price
- That is, a tech company should be run by tech savy people
- Normally, if the business is well run, the share price will follow
- However, what NQ finds itself in are not 'normal' circumstances, there has been a market onslaught and market savy is required to deal with that, but I think people can be hired as an addition for that purpose, they shouldn't run the company IMHO
- I'm not saying NQ hasn't made mistakes in dealing with the MW saga, but I'm not even sure whether that is because of a lack of market savy. It's very difficult to judge from the comfort of my chair, as it happens, and like you say, 20/20 hindsight is considerably easier..