OAK 3.33% 6.2¢ oakridge international limited

Ann: Company Update-XPE.AX, page-203

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  1. vmp
    13,596 Posts.
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    This doesn't sound smart at all that I sold off immediately after Lisa left and hesitantly got back in today at 1/3 of my pre-crash parcel because it seems there is still potential here. This parcel I'm ready to lose all if Xpe ends up all Buckley.
    Just my thoughts, my thoughts only,
    -hiring Lisa with her profile and much fanfare then letting her go so soon did more harm than good to Xpe's reputation, was she hired in a hurry to prop up Xpe's image, not ascertaining if she fits in and vice versa. Hope this serves as a lesson to Xpe. On boarding people at the top should be subject to most stringent DD, people should be committed and properly rewarded. It's basic, recruiters determine the fitness of a candidate before hiring, so why not a board member. Also, comparing it to where I work (big IT company) I felt Xpe paying a former Intel MD at $180k is really cheap, she can get 2x elsewhere easily imo. After all, she comes from Wharton then intel, is that right?
    -their handling of her departure announcement was lacking class, bordering on fear how the market reacts, and followed it up with scant or weak reasons, again it reflects a seeming lack of commitment from Lisa or Xpe or both parties that this happened. If you hire her, the offer should be irresistible with an equally high commitment. Uhmmm, it was on t&c that either party can terminate the relationship in xxx months. Oops, imo only.
    -Xpe used to give more frequent updates than lately, which provided a vacuum to precipitate the 2-day sell off.
    -lesson learned- trust your instincts when something smells until the smell settles.

    Hope, a recovery is On track for all concerned. Just imo. May not make sense, just a retail holder' opinion. Better to be labeled 'nonsense' than losing money though. So ATB to all SH in the next few months. And to Xpe mgt, thanks for the update, and please don't let us, retail holders, grope when darkness is all around. Thank you.
 
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