2022 AGM Back at the start of December of last year I posted what I thought was (is) the timeline for what would be considered a DEAL cash infusion worthy of a 6X increase in share value. The basis for this prediction rests on all the evidence of a lack of real business acumen in this organization. And, the fact that the retail investors who try and stay somewhat connected on the various and sundry social platforms, seem to have an exceptionally well developed dystopian, or panacea, world view. This schism is not lost on the manipulators (Can-o-worms, LJ) who actually now call the shots.
Whether you are a passenger on the road to new riches, or feel that the Ray Mathews’ jalopy is racing towards a cliff, putting those two extremes together tells you something about the risk still involved with this play. That risk is multiplied by the philosophy of those we’ve put in charge of the game plan. Once again we’re going to hear that we retail investors really don’t appreciate how complex this endeavour is, and that we should feel grateful for everything accomplished so far. That Jwall’s “Something” or Luke trader’s “timeline to the top,” although attractive, are just ways of keeping the great unwashed preoccupied. Then there’s the folk who’ve actually seen up close the types of amateur hour moves made by Phillip and the board, and are doing everything they can to undermine confidences (cough cough…reveal the weak decision-making capacities).
This team (the $30 million investor/owners and the executives in charge) have their agenda (including shorting the stock when ever convenient). If nothing else, Phillip and Frank have become expert at deflecting and foot dragging and coming up with ways to enrich themselves off Dr. White’s idea. As for the rest of us, well, we’ll get ours too if we stay out of the way and let the science play out. Quite honestly, that’s the bargain you’ve made if you’re still around after more than a decade of support. If you’re still happy with that, you’ll avoid conflict at the AGM. If like me you know that there will not be a fundamental change course unless Phillip and Frank are forced to get some competency in as business lead, you vote against the “let’s insulate ourselves” strategy, that’s been going on now for 4+ years. And no, the answer isn’t sell and move on if you don’t like it. The answer is, make sure that you don’t have a deadline when you need to see this thing to blow up (either enriching or go splat). Have your finger on the trade button at all times, and only have money here that you can afford to lose…cuz once again the gang at SVA are giving themselves free ones, and appear to want to continue on that path, till the rest of us stand up to the reality and do something to change it.
DF