Thursday, April 17, 2014 4:37:56 PM
Forget about Nasdaq.
This company is not enough mature for such a listing. Is there any company on Nasdaq where one guy has almost all absolute voting power? This guy is CEO, CFO, Chairman and has all the votes on the AGM...he IS the AGM! Why would Nasdaq have "independent board members" as a condition for listing? It wont take Nasdaq long to realize that this is a one man show. Penser saw this(among other things)and didnt dare to let Siaf into the tiny FN-list. Why should we sail into Nasdaq and directly to the main OMX-list if we were not qualified for the chicken shit FN? You need to wake up and see that there is plenty to be done before Nasdaq.
Solomon and his useless BOD can wave with the Nasdaq checklist pointing out that this is a done deal after a reverse split, but then the Nasdaq people have to take a sober look at this company and how its runned.
This is still a retail company funded and founded by retail money and the typical crazy inventor who is an expert on his idea but really dont know anything about the other stuff. The other BOD is there so it should look somewhat like a public company, and like a schoolbook example of smallcap management they constantly overpromises and underdelivers
The numbers looks fine, but it always does when one guy is controlling all the information.
In other words nothing for institutional investors and nothing for Nasdaq....yet.
This company is not enough mature for such a listing. Is there any company on Nasdaq where one guy has almost all absolute voting power? This guy is CEO, CFO, Chairman and has all the votes on the AGM...he IS the AGM! Why would Nasdaq have "independent board members" as a condition for listing? It wont take Nasdaq long to realize that this is a one man show. Penser saw this(among other things)and didnt dare to let Siaf into the tiny FN-list. Why should we sail into Nasdaq and directly to the main OMX-list if we were not qualified for the chicken shit FN? You need to wake up and see that there is plenty to be done before Nasdaq.
Solomon and his useless BOD can wave with the Nasdaq checklist pointing out that this is a done deal after a reverse split, but then the Nasdaq people have to take a sober look at this company and how its runned.
This is still a retail company funded and founded by retail money and the typical crazy inventor who is an expert on his idea but really dont know anything about the other stuff. The other BOD is there so it should look somewhat like a public company, and like a schoolbook example of smallcap management they constantly overpromises and underdelivers
The numbers looks fine, but it always does when one guy is controlling all the information. In other words nothing for institutional investors and nothing for Nasdaq....yet.
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