I think the addition of Nilda Rivera is an outstanding one. When I tried to hunt down more info on her I didn't come up with much (besides the fact that she's held a few TOO many positions at different companies), but her experience at Aurora is bound to be beneficial to Liht. I am impressed that Liht was able to lure her away but at the same time I wonder why she moved on from Aurora in the first place.
I'm not so sure about Hanspaul Pannu being promoted to President from CFO. I presume that he is capable and he's been touted by other Liht executives as a leader, but like Rivera he has a fair number of positions on his resume and I wonder why. I understand that one may be CFO for multiple companies, but it's unusual and takes away from focusing on one goal and a unified objective.
I like stability. I like reliability. I like employees who are happy and energetic and do a good job for years that evolve into decades. Perhaps Liht has shuffled their board enough to settle into that type of leadership team, but I don't like seeing constant shifts in personnel. An exception to that dislike is when someone like Nilda Rivera comes along and can provide the type of value (and hopefully integrity) that her predecessors lacked.
More importantly, I find the nearly 50% decline in share value over the past two months nearly unacceptable. 15%? Sure. 25%? Maybe. 50%? Ouch. I haven't changed a thing with my holdings, but I need to see more news releases about growing and curing, future packaging, preparation for selling, and concrete evidence of new building progress (not talk, but verifiable evidence). Yes, we may still be a couple months away from seeing true upside and I'm banking on that, but with a weekly harvest and Mohamed's statements about monthly reporting on that, we are now due for another report.
The shorts are once again in control of LIHTF stock. The share volume sucks and the only way to change that is to generate good news through good reports. I still believe in the company and its long-term prospects, but I'm just a little overanxious to get there. Or at least demonstrate that we will get there eventually.
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