Albidon Action were informed that Jian Hua had run off to China, supposedly for talks with the board. He has no comprehension of how to run a plc & refuses to engage with the shareholders - when asked difficult questions he either ignores them or gets a PR guy to draft a response.
He openly admits to not being in control of the company, that Albidon is run from elsewhere. What does he do for the shareholders for his $400,000+ per annum? He is merely a yes man for Jinchuan who directly control the company.
If Jian Hua would step aside he could be replaced by men of substance to turn around this ailing stock, so why does he stay on? Maybe because Jinchuan can instruct him what do to?
Two immediate objectives:
1) sort the problem of the Convertible Notes
2) restructure the management team & board
We are doing our bit, are you? Send in your emails to Albidon expressing your outrage at the share price & how the company is run - it is clear that those in charge care not for the minority shareholders or the stock ALB. Jian Hua Sang must go now, along with the Notes of course!
Join the shareholders' battle with the board:
albidon dot action at hotmail dot com
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