"The short sellers have pocketed huge profits partly because the market has held the board and management in contempt. The expectation that poor decisions would be made has played into the hands of those betting against the company."
That's a respected national business newspaper. AFR has its enemies but they must be very confident to say that in public.
So the best solution would be for the Board to get better people in. Instead of doing that, the Board brings back the man who arguably contributed most to the Boardroom failings of STO - at an extra $45,000 per month, if you don't mind.
STO Price at posting:
$4.48 Sentiment: None Disclosure: Not Held
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