The Sausage Effect I'm still digesting this document (management circular Jan 15/2020) but it has left me with a distinct impression that may be worth further consideration.
This is a large agenda, which spans the course of three financial years. I'm curious as to why now - they have decided to consolidate all these outstanding matters in "one fell swoop"? An agenda replete with a list of just about every grievance and criticism discussed on this board, that also seeks to remedy procedural shortcomings and achieve compliance (I would imagine).
In the words of walterthedog, here's where I put on my tinfoil hat...
I liken the process to making sausage. For those familiar, sausage is made up of a variety of cuts of meat(s), - bits of fat, trimmings, off cuts, and according to a chef friend of mine - anything else that needs to be used up! The components are stuffed in to a grinder, processed, and out comes a clean convenient shapely tube...easier to work with, visually more appealing and just like that - disorder turns dressy.
Is there an unknown catalyst compelling them to 'put it all out there' at this meeting? I don't know...
But I do know that if you were looking to sell - your books would need to be in order, and the company would need to be compliant and in good standing.
Clean up the loose ends, tart up the image, slap a little lipstick on the pig and put it out to market. Who can resist the lure of (high quality, niche, artisanal) sausage - if you're a buyer looking to get fat in this market?
Could it be they have a buyer lining up? I'd sure be topping up my coffers with cheap shares if I thought a deal was imminent...
https://www.sedar.com/GetFile.do?lang=EN&docClass=10&issuerNo=00005612&issuerType=03&projectNo=03008779&docId=4653619