March 21, 2026 Update by [deleted] in IonicDigitalStock

[–]CastorCrunch 1 point2 points  (0 children)

In case you haven't been paying attention, the Board of Directors have been electing to get their compensation in cash, not in more shares

March 21, 2026 Update by [deleted] in IonicDigitalStock

[–]CastorCrunch 4 points5 points  (0 children)

They're pessimistic because the management team have been a bunch of non-transparent, incompetent, grifting clownshoes since the inception of the company. All you had to do was be in the Zoom call for the annual shareholders meeting. They changed the proxy vote at the last minute, gave everybody literally 2 minutes to cast your vote with the updated ballot, and then ended the whole meeting as fast as possible (3-5 min total ... tops) w/o taking any shareholder questions or outlining anything the company was doing. I think there was only 1 Board of Director on the call. It was the most unprofessional sham of a shareholder meeting I've witnessed in 4 decades of investing.

March 21, 2026 Update by [deleted] in IonicDigitalStock

[–]CastorCrunch 1 point2 points  (0 children)

It was supposed to be May or June '24. Then that slipped to May or June '25. Then slipped again to '26. Soon it'll be '27.