Hello Rago. You’ve just said: “Peter Smith is on their Board.”

Beyond investor communications (or lack thereof), I do not question Peter Smith’s competence. On the contrary, I praise it. However, so far as this latest Argex News Release, I detect his hand in how it was written, especially the last sentence.

“Although the negotiation of a purchase and supply agreement between PPG and Argex has taken longer than anticipated, we look forward to finalizing the agreement to the mutual satisfaction of both parties as soon as possible.”

Certainly the clumsy inept wording wasn’t designed to stimulate newfound investor enthusiasm.

That the company is “looking forward to finalizing the agreement” tells investors nothing, other than the fact that they haven’t done it. Are we supposed to think that there was an alternative that Argex was entertaining to NOT “look forward”?

That Argex is negotiating “the agreement to be to the mutual satisfaction of both parties” is supposed to substitute for saying anything substantive about the negotiations? Are we supposed to think that there was an alternative that Argex was entertaining “to finalize the agreement to the mutual” DISSATISFACTION “of both parties”?

That Argex wants the hoped-for “purchase and supply agreement” to come “as soon as possible” is presented as the concluding phrase of the concluding sentence of a News Release Argex shareholders have been eagerly anticipating for months. Instead of “as soon as possible,” are we supposed to think that there was an alternative that Argex was entertaining TO STALL the “mutually satisfying” agreement?

If I were an Argex shareholder, I would not be pleased with whoever crafted the News Release (whether it be Peter Smith or someone else). For what it’s worth, it should have ended something like this: “Regarding Argex’s proprietary Pigment Grade Titanium Dioxide, PPG and Argex are nearly finished finalizing our Purchase and Supply arrangements. After agreeing on the last details of our collaborative enterprise in the market, both parties will be excellently positioned to get the most out of our previously concluded Development and Optimization agreements.”