| | | Imho, if there were any justice, the former CEO should not be deserving of the slightest benefit of relief, be it emotional or financial, for his chronically incompetent mismanagement of the company and dishonesty towards shareholders.
It should also be noted that the recently announced personnel appointments to the company's directorship and advisory board (Frank Klees, James Jordan et al) would never have been even remotely possible had the previous CEO remained in power.
In many ways, it must be emphasized that the company is really having to start over from scratch as opposed to continuing previous efforts from any position of real strength.
A company turnaround will take time and perceived value in the eyes of the market may take even longer given where the new management is starting over from, but at the very least, there is now a much better chance of eventual success.
I expect more news and incremental progress from the company either before the next AGM in September, or coinciding with the AGM.
I remain cautiously optimistic and that is more than what I could say prior to the leadership changes that began three months ago.
[Dragon] |
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