I would think it's childish not to challenge these guys and hold them to account after such horrendous value destruction. Blind faith investing not a wise ethos.
They started this Lupin dream in early 2020 if you go back through announcements, so yes 4 years we have held on. I’ll give you that the pilot plant was ready in 2022, however a lot of time now passed to prove commercial viability so no excuses. We actually now have 2 manufacturing plants with 2 competing proteins both with zero commercial sales which makes no sense, like really when does the charade actually end.
It’s all the same guys running the show. Ben still on the board (was a 200k + executive still up until recently), Jay has been there long enough to oversee all of it including oat milk mess and Chair still the same. The Board hired Jay/his wife as CEO/COO. So still very much the same company and old guard just with some directors jumping ship.
A radical clean out required like many other micro/small caps have already done and bring in some actual food industry experts, or they just call a spade a spade and pivot to something that will make us our money back quickly like a mining play.
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