RE:Future not looking goodMr. Buffett
Thanks for your post. I was going to invest but reading your comments makes me pause as several of your points are easy to verify and i agree. But some of your points are contrary to what i believed. Hope you may have some insight to a few questions.
1. I thought that they have built a plant in Canada- isn't that where at least some of the sales come from. Although i do note there a committment to spend millions more that has not yet been incurrred.
2. Is there litigation on the trademark issue- i did see that in the notes someone filed a claim but no provision is made but not sure if that is another issue- it sounds more like a sales agent who was looking for their cut.
3. Are you aware those big customers are already leaving- i did note Quest was a customer and left but that was a while back.
4. The comments about China- i do see a couple of big shareholders but is there a lot more- any idea on what shareholder base looks like- i know liquidity is poor. Hope this is not another SinoForest
Comments on governance
Thanks for your input- i really was looking at this as an undiscovered potential gem before i read your post