The reality As we head into the AGM it is becoming clear that 1H 2022 was an outlier for revenue. The last three quarters have us at an annual revenue run rate under 16MM. As we only have the one customer CZO is a price taker not a price maker. There are currently zero levers managment can use to increase sales. Whatever Symrise orders is the extent of our sales. This is not a great way to run a company. Despite Gilles endless promises to "transition" the company, after his entire career CZO is still the same contrat manufacturer it has always been.
It bears repeating that even if shareholders send a strong maessage and remove Gilles and maybe others from the board he will still be our CEO but notice will have been given that shareholders demand results as we absolutley should, and that we are prepared to protect our interests in the face of dismissve entltled entrenched managment.
Remember this is the only time you will ever get to confront this group if we fail ro send a strong maessage here they will go dark for another year. The only message they will hear is removal. Gilles only got 66% last year and others were under 60. This changed nothing about how the run the company and more importamtly how they treat the owners of the company.
Shout out to Littlefinger for the great insights. Keep it up.