I have been watching SLA's asx news for 6 months.
They are look very rosy. Very promising indeed.
(Most public companies have at least one independent director. They act as watch-dog for minority sh/h)
However my concern is there is not a single
'Independent director on the SLA BoD.
So how can investors be assured that those news are correct and not just 'cooked-up' stories?
I am not pointing any finger here here, I am merely asking the standard prudent question.
Until then I'd keep watching, without investing.
For example:
I understand the newly appointed CEO of Plus SMS,
a listed company in NZ, have in the last 6 months uncovered that previous CEO have made many bogus ann to the NZX.
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SLA's BoD:
Dr Vagif Soultanov (Executive Chairman)
Mr Peter Stedwell (Executive Director)
Mr Denis Kilroy (Executive Director)
Mr Charles Pellegrino (Executive Director)
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- no independent directors
no independent directors
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