Management needs to be more OPEN with shareholdersIf Poda is to become a billion dollar corporation, then management needs to change its demenanor and have to become more open with shareholders engaging in dialogue.
All of the darlings and great companies on Wall Street have one thing in common, they have an open CEO who is out there with shareholders, asking questions, providing corporate information and, exchanging points of view.
Bezos of Amazon, Steve Jobs of Apple, Musk of Tesla, Bill Gates of Microsoft, Marck Zuckerberg of Facebook, etc.....these guys are out there with their shareholders.
Shareholders are kept up to date on both good and bad news, as shareholders deserve to know the truth. They are sharing in the vision of their CEO's and as this vision changes they are put up to date and even asked their opinion.
This builds a successful billion dollar corporation and shareholders reward them with new highs.
The wrong thing to do is to make promises, to present a vision to shareholders and then to disappear from planet earth.
This seeds distrust and doubt with shareholdres.
Shareholders do not know what to think.
I will speak of myself:
- I have not idea if the China plant is up or not, it was promised for December 31, 2021.
- I have no idea where this China plant is located, not even a photo.
- I have no idea what happened to the 10 million pod order that was supposed to be placed in January 2022
- I have no idea if pods are selling well or not as there is no feedback on the first 500,000 order
- I have no idea if Eson intends to continue with the trial period of reordering a 2nd 500,000 order
- I have not idea if the latest letter of intent with Landewyck conflicts with Eson as it would be two distributors for Europe.
- I have no idea if Eson wants to sign with us a joint partnership deal
- I have no idea on the cash front or ability of the company to continue its operations.
- I have no idea on the timeline for landewyck trial period and, possible commercialization for one product.
- I have no ideai if the company is repurchasing shares
I am now holding a stock that is filled with UNKNOWNS.
How does the company expect me to share information of this company with others when I am completely lost on its operations? I have a large number of persons whom are my contacts, whom have significant amounts of cash to invest, I am speaking in the millions and millions, however I do share information of this company with them as I have too many unknowns. They would be caught in the same situation as I am, by not knowing.
A shareholder does not have to beg for information and management should know better, especially if the intentions are to grow to a billion dollar corporation.
Look at TAAT, it has a different management style. The management is out there with the shareholders, sharing updates and information. And what is the result, a $ 200 million market cap based on $ 3 million in sales. Shareholders are rewarding the company. And what is the result here, a stock that is falling apart.
Here it is a failure to properly communicate with shareholders; if there was good communication my phrases above would be filled with I know and not I have no idea. I would also be running to my contacts and sharing this information about a gem that I found. Right now, it is just a dusty rock.
I think others would agree,
My personal opinion,