Chess board laid, page-279

Couldn't be further from the truth. I have never met him, never spoke to him and confident he can look after himself. My interest is in the best person to run the company, the board think he is and I'm certain the baking syndicate think he is. Most loan conditions have non-financial conditions attached such as conditions if loan predicated on certain key executives remaining employed. I don't know if S&G has such a condition but considering the severity of the situation I would be amazed if the banking syndicate did not have a voice on who runs the company.

If he syndicate inidacted they wanted change and or the board indicated it is time to go (we would never know until after the event) then I would agree that was the best decision. I don't buy into this 'its a Cosy club looking out for each other' attitude. We have syndicate advisers and ASIC crawling all over the company. More scrutiny than perhaps any other company on ASX. They would not get away with unreasonable feathering of own nest.