Annual General MeetingGreat positive AGM by Star.
Some Highlights that I am able to recall:
- Filed all 2019 and 2020 Financial Audits
- Application for lifting CTO in progress with the OSC
- Bankruptcy Proposal accepted and Star has won
- Star eliminated $3.3M in debt
- Received AS9100 Quality Assurance
- Received Airbus A320 STC
- Hired new sales agents
- Focusing on Star-ads sales and put other research projects on hold
- Put together resources to execute corporate goals
- New board members elected
They seem to have a clear strategy going forward. They want to go after the aircraft health monitoring market. Most lawsuits are over and new management seems like they know what to do to turn the company around. I looked into the new sales consultant. He seems to be very experienced with good industry knowledge. His strategy and goals to get sales by end of this year were clear. lets all hope he is able to execute. I think Star has a very bright future going forward and is now out of the woods. its been a very dark period and with appointment of new board and new management, there is no where to look but towards the light.