FYI: I spoke with Aziz Hirji this morning for about 45 minutes. Here are some general answers to questions we discussed:
-A search for a new president who has experience in feedstock operations is underway.
-The mailing address for the company has been changed (see update above). The Massachusetts office has been closed (Gile's old office).
-The bio-fuels industry is constantly changing (much like the Internet in it's infancy) and Amelot Holding is positioning itself to take maximum advantage of these changes. This means markets are changing, technology is changing, feedstock sources and suppliers are changing, and bio-diesel businesses are merging and integrating.
-Amelot's bio-diesel operations can be set-up anywhere in the world in a short period of time.
-Amelot's finances are sound and Amelot is planning for long term operations in the bio-fuel field.
-Mr. Hirji agreed that communication between the company and the stockholders has not been as good as it could be--this will change (in-part through this board). FYI: I must admit I was rather shocked when Mr. Hirji told me about a few calls from small-time stock holders who were down right abusive to him and his staff. From me to you, please be professional when dealing with other folks. There is simply no reason to be disagreeable when conducting business (regardless of how much you may be down in the market).
-My personal opinion: Hirji is the major shareholder in this company and is investing a tremendous amount of time and energy into increasing stockholder value. I appreciate him taking the time to speak with me and answer all of my questions, as he has been travelling extensively overseas on business trips. MY OPINION: Amelot is a super investment and I FULLY expect our stock value to dramatically increase during the course of the upcoming year.
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