This is Christopher Chu, Skystar's external Investor Relations firm.
From time to time I may pop into the board. While I cannot convey any information that is not in the public domain, the retail investor base is very important. If there is subject matter that is material and not being addressed I hope to be of service. I cannot answer questions such as "What will next quarters unannounced EPS be," but I do hope to better link your ideas and concerns with regard to the company's message. Skystar's growth story has much potential and we hope to communicate this to the street.
My contact information is listed on all future PRs.
Christopher- Thanks for your post. Could you please explain what exactly Scott Cramer does for the company and why he was paid over $280k in 2009. His title states he is a board director and U.S. rep, but neither of those jobs seem to warrant such high compensation. Furthermore, SKBI's 10k clearly states that his $282k compensation was "unrelated to his duties as a director." Also, in 2008, he earned $195k for doing the same job. So, what exactly did he do to earn almost half a million dollars over the past two years? Thank you.
I cannot go into full details but he really should be head of corporate development. In general terms he assists in negotiating contracts and financings as well as do a very good job at presenting the company to the general public. I have to get back to you on annual comp. as he is compensated in shares so I don't know the exact cost basis of those shares. I can say that over the course of several years he has saved the company an amount that ranges in 8 figure territory.
It is me, I do the same for my other clients Sify, Rodman and Renshaw and NetSol Technologies. Companies should not ignore their retail investor base they are a good source of solid long term investors. I will from time to time post on the board, however I will never ever fan speculation. Message boards are treated similarly to all other forms of digital media such as Twitter and Facebook. While used by corporate, they are subject to the same scrutiny as all other forms of communication under Reg. FD. My biggest aim, is to identify why the company is being undervalued and to fix it.
Christopher Chu Director Grayling USA 825 Third Avenue, 18th Floor New York, New York 10022
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Grayling is a global Investor Relations, Public Relations, Public Affairs and Events consultancy. We have offices in 70 locations, in 40 countries across Europe, the US, the Middle East and Asia Pacific. We are the second largest independent PR firm in the world. Grayling is part of Huntsworth plc.