I did not go or request to go to the MHM meeting as I did not believe that you would get anything more than a feeling about Phil T.
So now he has to make a decision. every time he stops the plant production collapses and he wants to get outsiders to help him solve some of the issues and he may not want FR to do that work as FR was party to the sale of this technology to MHM. He wants to see it solved with outsiders providing competent responses to the process and its challenges. He needs a new group of experts to get Geelong to work as efficiently as it can and to certify to a financier any issues that are problematic but only because of Geelong and would not impact on USA.
How can he achieve this when a number of shareholders are way over the prudent level of investment risk - an assumption as many of the investors seem to contact the company if the wind even changes and some have said this is a big part of their portfolio.
Even Macgduff90 - who I respect is banging off letters etc. The company's response at one point was to get their attorneys involved in a discussion with a shareholder. Really this is a Footy finals type pressure. So what is best for the company and its shareholders - It is logical if you have some guts - create a standstill whilst you can get outsiders in and stop the share trade whilst this evaluation goes on as the share price could go either way. People could suddenly realise that this is the best thing they have ever worked on and they say so over a beer to a friend and next minute the sp is shooting or the reverse is also possible. You also want some time to talk to the major players like Brazil Farming , FR , BM and the rest. The standstill is a suspension.
Personally the more I hear of this guy PT the more I like him. He has my admiration - He is doing what I wish other companies would do act in everyone's interest and do the right thing.
So I cannot trade my shares for 6 maybe 8 weeks or maybe even 10. This was and is a long term investment so that makes no difference to me and if I re-invest more than I would at least after this period have a better understanding of what I am investing in.
Wish PT could direct me too a few more managers like him.