Met with one of the institutional holders this morning (not Fidelity), in their own words they are "spitting tacks". "Why does RT continue to (m)uck things up? What should have been a positive statement was damaged by him downgrading the revenue forecast, and then pretending they were now going to be at the top of the range? No credible reason given for the downgrade- just the normal spin and bluster. And what really pisses him (and me) off is there was enough positive news to have given a straightforward, honest update- revenue down a bit, but fundamentals good, to have seen a positive reaction. As it is Terry continues to act the clown and undermines his own rapidly-diminishing credibility. QPP has the makings of being a tremendously successful business- despite Terry and his questionable accounting and acquisitions- but the Board needs to get a grip.
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