Nov. 10 at 10:46 PM
$ADCOF $ADCO.TSX @whatidoisprosper , I highly doubt that Adcore is for sale, especially in the current market. It would appear that shareholders are stuck with this very mediocre and greedy management team that prefer to pay themselves exuberant salaries rather than improve the company's bottom line.
It would take a small salary cut to return the company to profitability. And the books would look even better if they paid themselves a more reasonable salary that is in line with the industry relative to performance and revenues.
Also, reducing the NCIB to a pittance of an amount was a huge mistake. When it was 13.5k shares per day, it was at least helping the share price not bleed out so fast.
If they (management) can't see these obvious issues and fix them, what chance do we as shareholders have? They aren't receptive to criticism and provide deceptive and vague answers to questions asked during earnings calls.
Investing in Adcore is like burning money.
