Re Trading Information3 Nov 2014 13:51
biotek..........
I sent this e-mail to Oliver Lightwater on 22nd October:
I invested in AGM in March and have seen that investment drop by 40%. Other than the pre-close update on 5th September we, small investors, hear nothing about the company and how things are going. I see that the Annual Report is being issued on 5th November so, hopefully, that will contain relevant information.
I have to say, that the communication policy of helping small investors understand both the company and technology is appalling and it gives the impression that either you have no interest in those who own the company or you’re still working in the mind-set of a bunch of academics, rather than professional business people. Please don’t tell me that the company is bound by rules of disclosure that means you can say nothing between official releases. I invest in a number of companies who keep their investors interested either with newsletters or webcasts.
If you don’t have a formal communications plan can I suggest you create one.
I then got this reply.......
There is a large amount of published information to assist investors in understanding both our company, technology and strategy. This will shortly be supplemented by the announcement of full year results and related update which is scheduled for 5 November, with the annual report due to be circulated to shareholders later in that month. However, I am sorry that you consider available information to be insufficient.
Thanks for your feedback.
Rgds
Oliver
Oliver Lightowlers
Chief Financial Officer
So I sent this one........
Oliver, thanks for taking the time to reply.
When you say that there is a large amount of published information, can you tell me where that might be, other than your website. A few minutes ago I Googled your company name and, other than articles about listing on AIM, the only other piece was in Businessweek on 2nd October 2014. All that did was to say that you’d like to get into the aircraft industry. So, I went onto your website and looked for latest news which turns out to be a piece about a radio broadcast on 9th December 2013. So, not even the piece in Business week is worth noting on your ‘Latest News’ tab.
I’m sorry, but this is just not good enough. The company needs to be proactive, especially with small shareholders. Have a look at this link from a company I invest in, that does attempt to keep its shareholders interested…..it might give you some ideas.
http://www.rrrplc.com/files/4414/1346/1998/2014_October_16_RRR_Newsletter.pdf
I invested in your company because I believe in the product, as distinct from other graphene companies, but I am not happy with the approach Directors take with its investors. My holding is not big enough to make any difference to the SP or to the Directors thinking. But it should be taken note of.
But haven't had a reply.......