Great job Jeremy, not just with the letter but all the work before it for us subs. This one was pretty compelling for me so glad I got set in time and hopefully it works out for all involved.
afraid no interest in going on the board as a sole member, as it wouldnt really serve the agenda. i reserve all options for other actions, however (reconstituting the board/running a slate), pending how this evolves in the coming months.
I will liase with Domo privately. I would only note that Domo’s fund was -62% last year and thus ALTO represents something of an existential bet (it appears) given its relevance to that fund’s size.
5% of the company is hardly a blocking stake. i have already been contacted by numerous other shareholders suggesting they would support my call.
in the meantime, i would HIGHLY ENCOURAGE everyone who feels similarly to me to send a brief note/letter to the Board, expressing their support.
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yes, recent track record at Domo has been poor. irrespective of $30 over 3-4yrs, if we can eminently get a near-triple in <6mos, that is wildly superior than pushing for the multi-year home run. that is what i am working towards.
“in the meantime, i would HIGHLY ENCOURAGE everyone who feels similarly to me to send a brief note/letter to the Board, expressing their support.”
Would it be possible to paste the Board information here (I’m guessing you already have the information), so those of us willing to send the board an email can do so.
“in the meantime, i would HIGHLY ENCOURAGE everyone who feels similarly to me to send a brief note/letter to the Board, expressing their support.”
Would it be possible to paste the Board information here (I’m guessing you already have the information), so those of us willing to send the board an email can do so.
all available on the Alto Investor Relations website. Just send it to all the IR contacts and request both confirmation of receipt and that letter has been passed to the board
I sent an email to IR, emphasizing that I support your suggestions and believe you have outlined the best path to maximize SH value.
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thank you very much. to reiterate, i would recommend all those interested in achieving this outcome should try, if they are like-minded, to send a similar missive to management. i believe momentum is clearly building here.
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Thanks! Done.
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I was surprised to get a confirmation from the Secretary that they read the email!
Wanted to see if there was any change in your goals here in the past few months given strong crush margins persisting and thus likely higher cash flow than most were expecting. Or campaign going as planned?
Very nicely done!
BTW, did this leak earlier today? ALTO was up ~18% today (June 28, 2023), lol!
it definitely didnt leak. the crush margin jumped massively yesterday too (corn got crushed), which im sure was mostly responsible for the move.
Great job, Jeremy, brilliantly articulated. Thanks for the effort that went into this. Fingers crossed…
thank you very much Doug. lets see how it goes…
Great job Jeremy, not just with the letter but all the work before it for us subs. This one was pretty compelling for me so glad I got set in time and hopefully it works out for all involved.
As a larger shareholder your letter and pushing for a sale definitely makes some sense. I am curious what your thoughts on thoughts are on Justin’s Article From DOMO Capital Managment – you and him should connect. Thanks https://seekingalpha.com/article/4598964-alto-ingredients-growth-story-temporarily-lost-maize
thanks for the link. i will consider the article and discuss with Justin.
Hello,
Do you have an opinion on the new bond (as an investment)? It seems interesting.
Excellent letter. I would hope that it gets their attention. Any thoughts to running for a board seat next year if the BoD drags its feet?
afraid no interest in going on the board as a sole member, as it wouldnt really serve the agenda. i reserve all options for other actions, however (reconstituting the board/running a slate), pending how this evolves in the coming months.
Thanks for the effort pushing for this, Jeremy! Am a shareholder too.
Justin aka Domo has a horrible track record. He view that the company is worth $30 in a few years is borderline ridiculous. Great play Jeremy.
Interestingly, DOMO is so bullish that it would likely object to a sale in the range of $5 to $10. They have a 5% ownership interest.
I will liase with Domo privately. I would only note that Domo’s fund was -62% last year and thus ALTO represents something of an existential bet (it appears) given its relevance to that fund’s size.
5% of the company is hardly a blocking stake. i have already been contacted by numerous other shareholders suggesting they would support my call.
in the meantime, i would HIGHLY ENCOURAGE everyone who feels similarly to me to send a brief note/letter to the Board, expressing their support.
yes, recent track record at Domo has been poor. irrespective of $30 over 3-4yrs, if we can eminently get a near-triple in <6mos, that is wildly superior than pushing for the multi-year home run. that is what i am working towards.
Can you elaborate on the 6mo timeline? When can this come to a vote?
Great letter Jeremy – succinctly summarizes the immense value of the company and Management’s lack of ability to realize this value without a sale.
Hopefully management understands the frustrations of the shareholder base and doesn’t drag this out.
thank you. yes i will keep you posted as this progresses…
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“in the meantime, i would HIGHLY ENCOURAGE everyone who feels similarly to me to send a brief note/letter to the Board, expressing their support.”
Would it be possible to paste the Board information here (I’m guessing you already have the information), so those of us willing to send the board an email can do so.
Many thanks!
“in the meantime, i would HIGHLY ENCOURAGE everyone who feels similarly to me to send a brief note/letter to the Board, expressing their support.”
Would it be possible to paste the Board information here (I’m guessing you already have the information), so those of us willing to send the board an email can do so.
all available on the Alto Investor Relations website. Just send it to all the IR contacts and request both confirmation of receipt and that letter has been passed to the board
I sent an email to IR, emphasizing that I support your suggestions and believe you have outlined the best path to maximize SH value.
thank you very much. to reiterate, i would recommend all those interested in achieving this outcome should try, if they are like-minded, to send a similar missive to management. i believe momentum is clearly building here.
Thanks! Done.
I was surprised to get a confirmation from the Secretary that they read the email!
Thank you, Jeremy
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Thanks
Wanted to see if there was any change in your goals here in the past few months given strong crush margins persisting and thus likely higher cash flow than most were expecting. Or campaign going as planned?