RE:RE:RE:RE:While yesterday's AGM .... The following was sent to Payne, Colin, Hoffman
Gentlemen,
A recent post on the Stockhouse bulletin board suggests that Mr. Michael Mayer, m.sc., Dipl. Ing (FH) is no longer employed as dynaCERT's Product Sales and Support Manager.
His hiring was deemed a significant enough event to warrant a press release internationally. Furthermore it was referenced countless times in other media coverage and statements. I do not recall seeing a press release regarding his departure if that is now the case.
Surely, his departure represents a significant event as well. This is particularly true in light of the current requirement to certify product re-designs.
THE COMPANY SHOULD ISSUE A PRESS RELEASE IMMEDIATELY TO EITHER CONFIRM OR DENY THE BULLETIN BOARD POST. INVESTOR CONFIDENCE IS AT ISSUE, ONCE AGAIN
In yesterday's AGM Mr. Colin indicated that recertification is in fact required and that there was a well qualified team in place in Germany to deal with the issues of recertification. But he did not disclose who those team members are and if Mr. Mayer was a member of that team.
Furthermore, neither Mr. Colin nor Mr. Robert Maier elaborated on where the company stands in the recertification process and how recertification impacts the EU initiatives (sales) currently underway. Some of these have been in the hopper for over two years now).
And in my opinion a failure to disclose that EU sales could be or are delayed/postponed or cancelled pending re-certification is a failure to provide full and adequate disclosure to shareholders and investors. Afterall, the initial certification took nearly two years.
IF THIS IS ALSO TRUE THEN THE COMPANY MUST ISSUE A PRESS RELEASE NOTIFYING SHAREHOLDERS AND POTENTIAL INVESTORS
I would further suggest that in light of the number of re-designs of the unit hardware, the controllers (SMU/ECU) and the software that runs it, that the company should refrain from referencing the testing conducted at UOIT, PIT Group, ICAT and others given that those results are from units that are three or more years old and no longer represent the technology you hope to commercialize.
I would hope that the Company will take these matters seriously and address them in separate press releases, early next week.
I hope that you will agree that a well informed shareholder and investor is the best type to have.
A copy of this email will be posted on the Stockhouse bulletin board.
Yours truly,