"Does anyone know if this is the "plan" (if there is in fact a strategic plan )?"

You don't actually expect Peter to have a "strategic plan", do you?

If there's one thing we know for certain, it's that Peter Smith is not fit to run this operation. I'm waiting impatiently for this alternative proxy that was recently mentioned. If this AGM doesn't result in new management, I'll let go of my shares and never look back. Even if it has to be at 14 cents. Alternatively, if Peter is shown the door, I may just buy more.