He doesn't comment on any ongoing discussions of course. I addressed my concerns in this matter at first in a mail to him and I have talked to him about his general views on things. There is no doubt in my mind that he understands how the market works, what institutions want and that he is confident that things will get solved.
But he also said that he only been in the company for a quite short time and that Rome wasn't build in one day.
I do think he feels the sense of urgency though.. There are likely ongoing discussions, that he don't want to comment on. But that's just me speculating.
When I talked to FD he is more straight forward with what he feels a need to address out of a shareholder value perspective. He has been very clear on that the whole time both in the strategic updates but also in his podcast lately and later when I have spoken to him personally. His course seems very steady. And it was quite clear to me that he also thought we need to adress the power structure with the goal to have some protection for the minority interest to better gain access to other institutional investors than the ones that so far has put their faith to his word.
Its clear to me after I've talked to a number of major
shareholders that this seems to be an issue and a concern for many on our way towards realizing a fair value for our stock and ultimately through that action get the fundamentals in place to get the financing we need to fully capitalize on our growth opportunities. This isn't anything strange and its actually exactly what Solomon needs for him to build a world leading ecological and sustainable aquaculture company. And it's nothing strange that shareholders discuss this and pass on their views to the company to listen to. Hopefully it will ultimately get shareholders more confident and secure which will lead to a overall increased interest for investing in Siaf!
I used to be an entrepreneur myself but right now I'm investing my hard earned money in Solomons operational brilliance but I do want him to listen to the experts that he has brought in to help him transform operational success into shareholder value. That is why I'm trying to help out by being active and sharing my views on what I feel is important. There is many ways to build credibility and I think that this issue is one out of many that needs to be addressed. We have many others, corporate governance, an enhanced board, reporting structure etc.
It must be much easier to make an investment decision in Siaf, we have to address the risk/reward ratio...increase our chances to capitalize on growth opportunities and at the same time address the perceived risk in the eyes of potential investors...
AI
