I respect Goldchasers posts or I wouldn't be duplicating his insights on the new member to the board.
I think a few people don't understand both the importance and depth of today's news. As indicated by the company's profile below, Davenport is a large company that will help move SFMI's sp forward thru their large network of brokers and associates.
Taking on a position on the board of directors is no small commitment and you can be assured that there was alot of due diligence done on his behalf thru their own research dept.
In a brief chat with the largest shareholder of SFMI this morning, he was very pleased to see that PQ had managed to accomplish this. It demonstrates that this story has more credibility than most understand and is moving forward very quickly. I expect we will see more news in this area, along with other supportive news.
"Davenport & Company LLC is 100% owned by its employees and is the largest independent investment firm headquartered in Virginia. Davenport is a full-service firm offering a complete range of investment services, including comprehensive stock and bond brokerage, investment management
, research, financial planning, insurance, public finance, and corporate finance services.
Davenport & Company LLC is a New York Stock Exchange member firm, a member of FINRA, and a Registered Investment Advisor under the Investment Advisers Act of 1940. Davenport, headquartered in Richmond, has branch offices in Virginia and North Carolina. Davenport has nearly 450 associates, including more than 193 Investment
Executives, and oversees billions in assets for clients."