Post by
fossi_2002 on Apr 26, 2022 9:45am
I had to change my mind!
In the past 4 months I have corresponded with Gilles several times. I do not want to explain it here in detail, but in the merger it was about the following details:
1. if you want to address new shareholders, a presentation from September 2021 is not very helpful. Worse still is the Fact Sheet, which is about to celebrate its one-year anniversary (May2021). The interests of the shareholders are thus completely ignored.
2) I have asked Gilles to possibly present a "monthly letter" from the President on a regular basis to better cover the information needs of the shareholders.
3. as the cash balance is constantly increasing, I have asked Gilles to discard the idea of a small capital increase, as otherwise the share is likely to come under pressure again.
4) I have asked Gilles to take up the idea and start paying a small dividend of 1 cent per share due to Ceapro's profit situation. If this does not meet with approval, a buyback program of at least 1 million shares per year should be considered.
5. i have drawn Gilles' attention to the fact that the shareholders and not the board, brokers or banks as parties involved bear the greatest risk. The Board of Management must devote more attention to this risk.
6. I assume that, based on the close vote from 2021, Board members Glenn Rourke and Donald Oborowsky will not be up for re-election.
Unfortunately, Gilles did not comment on the first 5 items. He referred to the press releases of Symrise and Ronnie Miller (Q4 report was not available at that time).
I have informed him that I am very disappointed with his response and that he has not addressed any points on the part of the shareholders' wishes.
At this point, I have terminated the correspondence, as he has not shown any willingness to respond to the wishes of the shareholders.
I have informed my shareholders in detail about the situation and requested my voting rights. Once I have received the report on the 1st quarter, I will decide whether to place my confidence in Gilles at the Annual General Meeting.
It seems to me that Gilles has not understood that he is our employee and we are not his useless appendage.
Comment by
prophetoffact on Apr 26, 2022 11:04am
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prophetoffact on Apr 26, 2022 11:09am
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prophetoffact on Apr 26, 2022 11:13am
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prophetoffact on Apr 26, 2022 11:14am
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prophetoffact on Apr 26, 2022 11:21am
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prophetoffact on Apr 26, 2022 11:38am
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prophetoffact on Apr 26, 2022 12:14pm
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prophetoffact on Apr 26, 2022 2:22pm
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Comment by
ZoranSto on Apr 26, 2022 12:52pm
Thanks for sharing your Update fossi. I agree with you and as you can see by the volume and shareprice (prior to the big index drop of recent) that the investment community is not interested. I will hold on for a few months to see it the "DATA" shows promise and more importantly the invensting community sees the potential.
Comment by
prophetoffact on Apr 26, 2022 1:20pm
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Comment by
lscfa on Apr 26, 2022 1:28pm
vote no to Gagnon at next AGM
Comment by
prophetoffact on May 15, 2022 12:32pm
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prophetoffact on May 16, 2022 3:51pm
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prophetoffact on May 16, 2022 4:42pm
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prophetoffact on May 16, 2022 5:58pm
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Comment by
Minty_33 on May 16, 2022 6:07pm
Prophet of pond scum shite said: "Hopeforthebest, this stock is for big boys who don't need the crowd(volume) to feel secure in their decisions." Fact off you imbecile. Dollars traded today less than $1700. Gilles "Edison" Gagnon ROFL
Comment by
Hopeforthebest on May 16, 2022 6:49pm
correction prophylactic, the stock is for no one as evident in the lack of trades.
Comment by
Minty_33 on May 16, 2022 6:02pm
Gagnon has failed miserably in communication Gagnon has failed to instill confidence amongst shareholders Your investment dwindles while Gilles Gagnon keeps raking in the cash Vote against Gilles and all the old cronies on the BOD Enough is enough! Fact off Gilles and fact off prophet of pond scum shite