Daiello, excellent perspectives and context. Thank you.
I would add that the SOLI executives and Board need to address this situation head-on and disclose whatever they can regarding this suspension. What happened, what did they do to respond, what impact will this have on critical events scheduled to occur over the next few weeks, etc. I don't believe that Dr. K meant to say anything misleading; however, if there are other actions or questions that the SEC is claiming rise to the level of investor fraud, we need to know about it sooner than later.
I too am hopeful this will turn out to be a misunderstanding that can be rectified; however, it will take extra communications and transparency by SOLI executives and Board members to make it happen.
It is very hard for me to believe there was any planned, ongoing intent to misinform the public. Based on all of the actions SOLI has taken over the past two years, they have been doing the right things along the way. This includes added four new Board members just this past January. We need to hear from them soon and with a structured message about what happened, why it happened and what they are doing to address it.
