What other questions to you refer to SERA2g, I was there, I asked a couple of questions, that I felt relevant to me and possibly other shareholders. Apologies if they weren't up to scratch.
Maybe you should provide a script in future if your not available to attend personally.
I left the AGM and the get together after, as enthused as ever, with the potential of this company and my investment decisions.
Glad to hear you've come away from the AGM feeling more confident about your investment. I have as well!
I'd have to go back to the recording to remember the specific questions I had issues with.
I will clarify, in some cases it was not specific question that I had an issue with, it was the unnecessary ramblings that precede the question.
My overall issues are summarised below:
Asking questions ineffectively
Some questions were good but they were not asked succinctly. ie. shareholders stood up and gave a 2 minute sermon of unnecessary information which included three or four separate questions strung onto one and other.
This makes it very hard for Antonio and Sean to give a structured response to the questions because of the messy way in which they are asked. This is why I said 'ask your question succinctly then sit down stfu and listen', or words to that effect.
The outcome of asking questions ineffectively is that 50% of question time ends up being filled with shareholders on the microphone. I want shareholders to ask questions, but I don't want 50% question time to be made up of those questions. The gold we are looking for comes in the form of board responses. I want 90% of question time be made up of the CEO or Chairman on the microphone responding to questions and giving us as much information as possible about where the company is, what its doing and where its going.
Asking questions that have been covered deeply in the AGM presentation content
Dimitri's entire question had been covered already and then he asked for financial advice to assist with his personal trading. This is wasting everyone's time.
The annual Realinfo sermon
I didn't entirely agree with Realinfo's "you're all overpaid and taking advantage of us" speech last year, but it had a strong purpose and many shareholders resonated with it.
This year? I don't think he actually asked a question. He spoke about himself for 5 minutes and how he's now happy with things and then he sat down.
?????
The person who asked the hardball question about revenue
Someone else summarised it well, I'm paraphrasing here: 'not the most polished fella but he got some good information out of them about a 5 year licence agreement possibly making the company profitable overnight'. Other than that nice tidbit of information, he wasted 10 minutes of the AGM.
The guy is obviously a disgruntled shareholder which is completely fine, but he came unprepared and from my perspective was more interested in sharing his frustrations than actually listening to the boards response to his question. He did not allow them to actually answer his question. He first asked where the revenue is, unsatisfied with the responses, he demanded to know when they expect revenue to show up. Straight forward questions to ask made extremely difficult to answer because he spent the next 10 minutes cutting in, talking over the top and interrupting Sean and Antonio as they tried to amicably respond despite the shareholder being combative and argumentative the entire time.
The other silver lining from his performance is we got to see Sean and Antonio navigate that little exchange. I thought they did as good as anyone given the circumstances. I wasn't in the room and I was super frustrated simply listening to him, but they managed to hold their composure and remain professional at all times which was outstanding to see.
The annual 'when can we expect dividends' question
Thankfully, that didn't get asked this year but if it had I would have headbutt my monitor.
Hope that answers your question?
