Just off the Vitesse Q208 Investor Conf Call. Not sure what kind of logic goes into an investor asking a CEO why he doesn’t resign – such questions should be addressed to the Board, not the CEO. If he is so burnt up there is a market for his shares and he should sell them.
The incident is positive in a way: I have found that many small-cap companies simply don’t take calls from anyone they don’t know. The fact that VTSS takes calls from all in the queue is a sign of openness. Other companies, including IKAN and others (yes I keep a record) practice what I call “Queue Management”, taking calls only from people in the queue they know to be friendly.
So, to the investor who asked the question – at least recognize the fact you were allowed to have a voice in the first place. Most companies wouldn’t have allowed you even that. And next time just take your loss and don’t waste my time.