infinitee00
I'm not ragnar, but I was mentioned in your post and above. Thanks for reading, and the encouragement to know there's another shareholder who supports our effort.
Here's a little secret, I don't own a huge amount of SODI either, not as much as a lot of people. That's mostly a function of the fact that I don't has as much money as most investors, and I don't manage any funds, so no other people's money to invest. What I do have though is a voice and a readership. I can be most effective rallying the troops and getting interested shareholders on the same page. That's the strange thing about company ownership, there are all these little owners but no one knows who anyone else is, that's something we're trying to rectify with Solitron.
Here's more good news, I haven't talked to ANY shareholder yet who's said they disagree with our ideas. Between Ragnar, Valueprax and myself I think we know shareholders who account for 20-30% of the shares outstanding. That's significant because Solitron only requires a plurality of votes. Saraf owns 30% but if 31% votes against his votes the 31% wins. Knowing 31% of the votes, and being in agreement with them is encouraging.
When I wrote my letter my main goal was some sort of shareholder return, a dividend, a buyback, something tangible. I wanted an annual meeting as well so we could interact with management and voice our concerns. After thinking about this for a few months I've come to realize what we really need is a better governance, that's it. A new board, annual meetings, proxies, those are the sort of conduits that allow shareholders to interact with the company, and ensure that shareholders are taken care of. As it stands now shareholders are playing second fiddle to Saraf. I think with the pressure we've generated this is changing, and hopefully we can boot out the puppet directors and get Solitron on the right track.
I'm glad to see this thread on here.
