Despite a 43 percent decline in its share price in the last week, a survey of Left Behind Games’ shareholders shows overwhelming support for the direction of the company. At least that is what the Christian game publisher said in a press release issued this morning. According to its latest shareholder survey 79 percent of shareholders "fully support the direction of management."
In the same survey, 94 percent of respondents sold no shares and 25 percent have bought additional shares during the recent share price decline. Another 33 percent of investors want to be "actively involved in promotions." The survey polled 650 shareholders, the company said.
"It has been difficult to watch our price decline, but it’s evident from our shareholder survey that investors are still pleased about the announcement of our first operational profit and news of our revenues exceeding a million in our quarter ending December 31, 2010," says LB Games CEO, Troy Lyndon.
CEO Lyndon plans to publish more survey details in a shareholder letter to be released later today.