Gidday Gies,
Why would the CEO make that comment, we know that we are in an expansion phase, with talk of reaching maybe 100 employees towards years end or beyond, but I believe that the company has hit the same roadblock as all the other companies worldwide, with regards to, finding the talented individuals to fill all the spots that are currently being advertised, worldwide.
The space in which we play is getting closer and closer to exploding, growth wise, BUT where is all this new talent going to come from ?
Peter, Anil and the Executive team have really done a marvellous job in recuiting top talent, people whom measure up the the standards that our Founder & Co-Founder have maintained for years, and believe me, it's a high bar to reach, but the staff are rewarded both financially and are blessed with a great team spirit, some might say, with the Holy Spirit !
So the number of mergers and acquisitions are only going to increase over the next 3 years, in my opinion, staff will be poached, enticed with increasingly higher salaries etc, luckily for us, we have the most experienced team in this field to date and they know that they are all treated with the utmost respect by our leaders, end of story.
Why double the Board size, suggested to be within the next 5 months ??
Why not make a comment to the shareholders, as in, on what basis does this business strategy warrant a doubling in Board size ?
To me, it indicates something bigger is at play here, and as hard as I have tried, I'm not privy to anymore information, but my gut experience tells me that, I'm on the right track.
For the posters whom have liked my previous post, please just remember one key point, it's all my own opinion, it's certainly not fact, but in saying that, it's not right or wrong at this point in time, ok...and it's certainly not advice to go out and buy up big, be careful please.
There's only a small number of companies worldwide whom would be in the position to make some sort of move, so to answer your question, I think that you're on the right track.
Kind regards..........Tech