I value different points of view but am confused with the cryptic nature of some posts and still seemingly divergent views on DV & SGH.
SGH announce in Nov the appointment of M Ferguson and a strategic focus including undervalued oil and gas opportunities. DV of SGH and an undervalued (his Boards statement) O&G company see's no conflict of interest. In Feb he resigns from NXS "given SGH's strategic focus on opportunities in the oil and gas sector"
At that point his role at NXS became "no longer appropriate", so clearly in his mind the dual roles were appropriate, something changed and that can only be that SGH have advanced their interest in NXS otherwise it remains appropriate???
Consider also that DV has seen every $ value associated with the non binding conditional offers for individual assets and the company itself, he has participated and heard every NXS Board discussion regarding those offers, the reasons they were rejected and the values that the Board would accept, you have to form that before you can reject an offer.
Clearly now it is time for him to cover his own butt by stepping aside pending a IMHO "2 month cooling off period" to "ensure no conflict of interest" wink wink.
Is there really any other scenario concerning the resignation??
IMHO SGH will not buy individual assets from NXS because they will covert the tax losses in NXS
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