RE:Received Directly from Aphriaskyplt > Excellent duediligence on your part! Thanks for posting!
skyplt wrote: Thanks for your comments and recommendations. I appreciate the unvarnished candor of your remarks.
With respect to the timing of the Company's rebuttal to the short seller's allegations, as you know, the Board appointed a Special Committee to review the LATAM transaction, the value of which was at the centre of the short seller’s thesis. The Board and the Committee understand the urgency of responding to these allegations in a timely and complete manner, but there was no deadline given to the Committee to complete their work. As I’m sure you can appreciate, the standard of care that we must take as a public company in responding to these allegations is much higher than the threshold that an unrelated party would be expected to satisfy. This means we can’t sacrifice thoroughness for expediency.
With respect to changes to the Company's senior management team, these changes will be announced once the Board has appointed new officers.
Regarding prospective alliances, the Company will announce all material transaction, partnerships or alliances that it enters into with third party organizations but will not comment on speculation concerning such alliances.
I hope my comments give you some insight into how management has been addressing these issues.
John Sadler