Monday, December 19, 2016 4:05:30 PM
I would have preferred a swift initial investigation followed by immediate remedial action in areas where things did need to be seen to improve such as board structure, independance and experience/capacity followed by a more detailed investigation into those ridiculous allegations of fraud and corruption etc. I took at face value 3 months as stated by management for the investigation and did not ever foresee that stretching out as long as it has with total silence at such a critical time when any CFO worth his/her salt would and should have been securing cash inflow via institutional investors to get us across the line to approval. They don't even have a CFO and they still don't have enough cash to reach the finish line and institutional investor confidence has long since sailed away....
BTW I have expressed this opinion directly and more forcefully to management in an email last week just to make clear I'm not just mouthing off in here....I hope you are right about institutional investors all jumping on board when it's the right time...I also hope everyone of the long term investors are still on board by choice and have not been evicted or squashed in the mayhem...GL
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