Glenn Hamilton's questions to YUNHONG GREEN CTI (YHGJ) leadership • Q2 2023
Question
Glenn Hamilton, a private investor, questioned the company's strategic direction, including the rebranding to YunHong GreenCTI, the new trading symbol YHGJ, and the significant increase in authorized shares. He voiced concerns about the influence of the Chinese parent company amid potential geopolitical risks, the lack of revenue from the 'Green' initiatives, and a perceived misalignment between management and shareholder interests, citing the low stock price and volume.
Answer
CEO Frank Cesario addressed the concerns by emphasizing the financial support from the Yunhong Group, which helped the company pay down debt and weather high interest rates. He explained that the 'Green' initiatives are long-term projects with huge potential payoffs and that the increase in authorized shares to 2 billion is a preparatory measure for potential M&A and strategic growth, not an immediate issuance. Cesario also highlighted the company's resilience in a challenging market, especially compared to competitors.