How honest were IROs in this survey?
How important are retail investors to the investor mix of your company?
Absolutely essential 9.3%
Very important 21.6%
Somewhat important 29.4%
Not very important 31.4%
Not important at all 8.3%
The results are based on a survey of Shareholder.com clients by Rivel Research. It's not clear how many actually answered the survey (204 *recipients* is mentioned), but the real question is did the respondents tell the truth?
The incentive here is for IROs to overstate the importance of retail investors. It's never a good thing for an IRO to say *any* investor is not important, and they know that.
So I'm inclined to read the results at 30% think retail matters and 70% don't really care.
