RE: Next Steps1 May 2024 19:56
It would need a majority of shareholders to make a difference Vauch. Tomco has a cosmically small count of holders and many have been here for enough time to raise children. They're unengaged, and at any AGM in the past have been unorganized in any effort to take action.
Many shares are held by a few individuals. You'll kindly remember that as time has gone by, these large stakeholders have seen 50, 80, 90% decreases in the value of their holdings.
It should be made clear that there avenues on the table which the board is passing by.
-->Scalable approach. Instead of 2x 10k bpd plants and all of TSII, why not seek funding for 1x 5k bpd plant, and continue leasing TSII with extended option to purchase.
-->Take the deal on the table. Sell majority stake in Greenfield in exchange for large capital injection.
It needs to be made clear to shareholders why these viable options are not being pursued, in favor of a questionable funding package that may not be obtainable, while diluting shares.
I suggest talking more about these other options, specifically.