Larry,
I highly respect your opinion and the independent investigation that you have done to date. However, encouraging us to keep current management in place is perplexing. If current management has had this much trouble in keeping Ledoux, which has been with us for years, in line, and the recent release is a testimony of their failure to do so, they run the risk of completely destroying this company. I believe in a two prong approach, the conventional route and the Johnson method. While you seem to be confident that current management can take us both routes, I see nothing but a falling apart of the years of hard work that Naxos has put into their testing program. Ledoux retreating on their previous assaying, as the latest release indicates? WHO COULD HAVE IMAGINED SUCH A THING. We have a management that seems incapable of keeping even the company basics in place. I have always advocated a new management team. I was always under the impression that current management was simply an interim management and that, to the best of my recollection, is what they told us they were. I would not be in support of keeping the current management as the permanent management. If they intend to remain entrenched, then it's time the shareholders stood up and exercised their votes to put in a new management team. I believe it will be very difficult to change things if it is not done at the shareholder meeting.
I'm not advocating going back to the old management. I am advocating going to persons who will do as we were previously told and seriously work on a change in the current management. Who is that? I don't know at this time. All I know is good representation better be at the shareholder meeting. We need to continue with the Johnson method. If the current management is about to jeopardize that, in addition to the traditional route, which was recently dealt a serious blow when Ledoux was allowed to back step on its previous work, this company could really be in trouble of going the way of IPM.
Entrenching current management is not the way to go IMHO. We need a strong management that can stand up to Ledoux and others who may seek to undo the years of hard and positive work the company has accomplished.
sh |
