Post by
traderguy5000 on Nov 19, 2024 6:00pm
Board
So in a little over two weeks, in comes Garg, and out go David, Clifford and Dhaliwal, and we've gone from six directors to four. Half the old Board is gone. I think Garg is a good addition as chair. This is an indication that PEI has gone off the tracks and is trying to get back on. I hope the Board does not fire Sameul David. PEI is his project, and he's the reason I'm here. Nevertheless, 2024 was the "transitional year of profitabiliy" that was anything but. This project may not measure up to what was presented at the begining of the year. The held back production needs to be resolved. Hopefully it can. I don't know if replacing Sam would make any difference. The project is what is is. If current PEI staff cannot fix PEI, I'm not sure someone new could fix it. Basically, PEI is dead money until next Spring. There will be tax loss selling and the usual low Winter production. I just hope they don't do anything really stupid. I definitely want them to fix what they've got before borrowing any more money. I also don't want to see a large equity raise or reverse split. PEI is typical of most Venture dogs; nasty surprises are the rule.