Jerry Fences

@srg444 @chilling_dc @TJFullSend Just feels over to me. Don’t think there’s any plan. Ignoring their largest shareholders. Nobody willing to put any of their own money in. We’re probably at liquidation value here but if they just light the remaining cash on fire there’s no bottom.

@JerryFences @chilling_dc @TJFullSend Now is unfortunately a tough time to get new attention. Thx for taking lead.

Where are the $CHGG bros?

@chilling_dc @srg444 @TJFullSend Have enough feelers out there so we’ll see. Losing my resolve a bit but I’m sure it’ll return. Just feels like we’re stuck and nobody at the company really gives a shit. Dan only willing to buy 100k tells me he doesn’t actually believe his own bullshit

@chilling_dc @srg444 @TJFullSend Lowest volume day all year and for the past 5+ years in full trading days. Getting increasingly pathetic here by the day

@srg444 @chilling_dc @TJFullSend Would your preference by for us to form or engage an activist to lead? Have one in my already for the latter that I was going to setup a meeting with

@chilling_dc @JerryFences @TJFullSend Same. Willing to form a group if needed.

@srg444 @chilling_dc @TJFullSend Scott if you want to add me an shoot me a message whenever you’ve got time. Starting the process but not going to discuss it further on public twitter

@srg444 @chilling_dc @TJFullSend You and DC certainly have larger positions than me. I’m pissed off enough to do the work with the backing. At this point it’s about right and wrong for me. And I’ll fight that until the end

@AndrewCdnpol Everybody should be hammering IR and Dan to act.

@JerryFences $chgg has lost 60% since Dan took over. We as bag holders pay dear price for his return.

At this point $CHGG is roughly 50% retail owned. I think there’s probably 10% ownership that’s active on Twitter. Company is not making the right decisions, has net cash and valuable assets. Board is not aligned with shareholders. Activist campaign wen?

@srg444 @chilling_dc @TJFullSend How much more we gonna let this go down before turning up the heat? Think it’s time to start forcing some action. This thing is worth 3x even in a worst case distressed asset sale type transaction. Continuing to be passive isn’t working

@srg444 @chilling_dc @TJFullSend 10-K was a nothing burger. See you boys below $.50 after next earnings 🫡

@AndrewCdnpol Wasn’t Nathan. Dan killed the deal so he could try and get more for himself. Now his greed is why we’re here. Nathan wanted out

@JerryFences Nathan should take the offer to privatize the company last year. Now I can see no upside for $chgg. It's absolutely one of my worst holdings of all time.

@chilling_dc @Slim20359096 The more and more institutions sell the more power the individual investors have. The fact that they’re ignoring people who own more shares than the entire board ex Dan (who doesn’t really own those shares yet), just shows how little they value us

@chilling_dc @Slim20359096 And they just don’t care. Dan might pull a rabbit out of the hat but that’s literally the only plan. 13 months into a turnaround and can anybody actually lay out what their strategy for “long-term shareholder value” is. This board has never bought a share

@Slim20359096 @chilling_dc Oh yeah I was just saying in general - the collective we of chegg bag holders seek too patient. I’m not disagreeing with you - definitely on the same page

@JerryFences @chilling_dc I was agreeing with your sentiment not sure where the miscommunication was but I do agree that absent of Dan showing alignment with shareholders they should just go private But wasn’t there an offer on the table last year at a significant premium to MC? And they blew it off?

@Slim20359096 As @chilling_dc likes to say, this isn’t a public company. The amount of money they are paying to be public while completely blowing off their now majority-retail shareholder base has gone far enough. Somebody can come in and sell the assets like they should’ve done already

@Slim20359096 Nope. Not really sure why we’re preaching patience here. Dan making $850,000. Former CEO that couldn’t handle the job making $1,250,000. CFO making $1,500,000. Millions of SBC on top of that. Board making stupid money to do what? Paying Deloitte 5% of marketcap