Is everything fine? While I am not at all interested in the flame throwing on this “listserv” over the past month, I do find it intriguing that the company has chosen not to make public the vote results of this year’s AGM. And before anyone points to the “it’s history” card, so was all the “history” prior to the collapse of a high rise in Surfside Florida. In that case there were many solutions bandied about on how to address potential failures (paralysis by analysis). But in the end, gravity (gravitas) had its way. I hope those that suffered at least find those that were accountable, and make them pay.
With the voting results made public, the public side of the investment community would know exactly where things stand (precariously or otherwise). As it is, being forced to speculate, simply reinforces the slow walk (foot dragging) philosophy that the deciders in the c-suite want to prevail. And don't tell me David's too busy to upload the documentation.
One thing I think we can all agree on, is that transparency and full disclosure would be in all shareholders interests. Skepticism grows in an information vacuum. Whether you support management or question their tactics, the last seven months which included supposed on-going negotiations with collaborators (like the AGM vote count results, we just have to take Phil’s word for it), shows us again that maintaining information flow is at best an afterthought, and at worst a cover-up at SVA. An entire month passes and we get a YouTube clip. Saying we aren’t owed anything more, when supposedly so much is happening, is staggering simple-mindedness. I for one won’t be sleeping on this. There’s a non-zero chance you could find yourself in a catastrophic situation pretty quickly.
DF