Force Patrick Gruber (Gevo CEO) to step down as CEO, take a pay cut, or invest with SHs

Petition Closed

Force Patrick Gruber (Gevo CEO) to step down as CEO, take a pay cut, or invest with SHs

This petition had 153 supporters
Ryan James started this petition to GEVO SHs (Current & Past)

Since the inception of GEVO the company has basically stolen millions if not billions of shareholders dollars.. The company is down 99.9% since it went public. They have Reverse Split (2) times and repeatedly dilute shareholder value with no remorse. The CEO and board of directors do not have the best interest for shareholders. They are incompetent of providing or even mantaining any shareholder value.

Since its IPO the management team has managed to turn a $10,000 investment into a total value of less than $6! This is in a matter of 6 years. This is unacceptable and management needs to be held responsible.

If they had their own money invested they may take more of an interest to not dilute shareholders at every avenue and treat the company as a science project.

We, The shareholders of Gevo demand answers! If these answers cannot be established we would like to see one of the following occur:

1. The CEO step down from his current position (He should remain on the Board as he is deemed valuable to the progress of the company but lacks leadership skills in creating SH value).

2 The CEO and board members take a substantial pay cut until a time where the company is able to prove that maintaining and increasing shareholder value has become a priority. 

3. The CEO and board members invest their own money into the company with the shareholders so that everyone aligns themselves together with the best interests of the company moving forward. 

Petition Closed

This petition had 153 supporters

Share this petition