NEXT Q&A VERY IMPORTANT!27 Aug 2021 09:34
Suzy has set up an excellent platform to engage with shareholders. She has invested a lot of time and energy to stay connected with shareholders and to make sure that managements interest is aligned. We all make mistakes but the key is to learn from our mistakes and do better. Clearly, she has an excellent opportunity here to reflect on her decision and listen to the shareholders. This is a unique situation where all the shareholders agree that the deal was not in their interest.
I have asked Suzy to adjust the deal. Cancel it or make it incremental so that Cenkos get warrants at various prices or reduce the number of warrants issued or even increase the price of the warrants to a fair value (let them earn it). The main point I have emphasised is that NO ONE IS HAPPY WITH THE CURRENT DEAL AS IT STANDS.
If she decides to ignore this important question then not sure if anyone will care what she has to say about the rest of the Q&A.
Suzy, needs to ask what is the point of getting feedback? Why is she doing all this to engage with shareholders? So far, she has ignored all the calls to engage with established media (18 months and no interview with Proactive or other established media outlets), we have not received any progress update, she gives away 6% of the company to a broker (it’s laughable), no plan to increase shareholder base, no update on where we stand with a deal for VAL 201, VAL301, VAL 401, etc. I don’t see the point of regular Q&A’s anymore.
Like everyone here I’m really look forward to the next Q&A. The next Q&A is important because it will show me if the shareholder feedback really matters to the management.