Yeh there was a youtube video I watched a while ago.
It was about how new industries take off and then cowboys show up and jump on the bandwagon as such. This is true of the nickel craze way back when and now even the lithium craze. Are our management simply cowboys???
One has to ask themself. Not only do we have the asset, do we have competent management to get to where we are strategically aiming for.
While I am a strong supported of SYA, the macro is pretty grim atm and I imaging the comments of "reviewing our strategic direction" not only causes some more instability but it left many questioning if SYA management might try and change our direction. You know the one Brett really wanted.
He didnt see eye to eye on where he wanted to go with the rest of BoD and now here we are?
Im not going to make fun of JB or his size and I dont know him from a bar of soap with regards to his capabilities. All I know is what was listed on his skills page demonstrates he simply isnt qualified enough to get to where SYA current strategic direction is headed and that was always downstream after NAL purchase.
Why acquire an even 1/3 built out carb plant if you don't intend to use it.
Aside from this, I also noted something I spotted on simply wall street website the other day. It was showing SYA has no independent directors and lists this as a big risk to the company. The reason being is SYA cannot mitigate risk correctly when current directors are all arms length.
We have a great asset in NAL and an even better one in Moblan but current management simply isnt adequate for the future of SYA.
We have already seen what shareholders are capable of as we are a 50% majority vote in SYA. They need to be put on notice in regards to diversity and skill set and resign if they do not want to follow the vision Brett instilled into shareholders. We cannot change the direction of this ship when we have a plan already laid out and a place we need to be!
SYA Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
(20min delay)