I don't really think it is up to the shareholders to start suggesting options to the CEO, I think it is simply up to him to stop sitting on his hands. He should be jumping up and down and drawing as much attention as he can to the disgusting treatment of BEM by the Swedish government. The government won't bat an eyelid until someone forces their hand or they receive negative press which shines a light on their behaviour. To continuously say that he is happy with the application and simply wait is to contribute to the company's decline.
Much more clever thinking now, Eric. I don't want animating bad to happen to this company. But it would pretty much interesting to see the faces of those why are crying here "to sit and wait" when there is an announcemen that the company is starting the bankruptcy procedure. Would they curse themselves for their cries today or not? BR
An update would be good now, so that Kurt can tell us precisely what he is doing. I'm just trying to examine different options really, in the absence of news, should this decision not come within the next few months. What next? That kind of thing.
I don't wish to pry into your business, but out of interest are you looking at buying back in to Beowulf? I've sold out of many companies over the years and find it best to move on and focus on the next venture. You'll end up with ulcers if you're not careful fretting over other people's problems. Life's too short my friend.
To be fair Ed, there is the compensation route to consider, which was touched on a few days ago. A gentle nudge to the Swedes, nothing strident. We have been treated most unfairly after all. Our application was lodged over three years ago. We need a timescale now, and there's no reason why we shouldn't have one. Get our legal team on the case if necessary.
Your opinion is that Kurt should be a lot firmer. A lot of people have the same opinion but not one of them has offered any suggestion as to what that action should be. I certainly can't think of any further action that he could take. He has an experienced team of people working gaining the approval which will be issued when the government are ready to issue it.
I communicated with Kurt today and he made a comment which could be meant for all of the shareholders here who are demanding that he takes 'firm action' of an unknown nature. He said "I continue to work hard in every shareholders interests despite not releasing an RNS every week". I see that as a polite request for the shareholders to get off his back and let him do his job.
Kurt and his directors took a salary sacrifice and accept a chunk of their agreed renumeration in BEM shares. That to me demonstrates their sincerity and their confidence in the company and is an additional reason why they are as anxious as we are to complete this approval process and enhance the share value.
Adopting a strident approach is a country mile away from insisting the government honour it's own processes. That, in itself should be sufficient. Far from favouring private enterprise, the government has done irreparable damage to the company which has done all the work and accepted all the risk at Kallak. The next, imminent round of funding will show how little support there is now for this hobbled project...
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