elk v inp, page-10

This is from the management changes and operational update report on the 14th august 2006.

"Mr Wood will assume the day to day management of the Company. The Company will seek to appoint a new Managing Director over the next 6 to 12 months."

So it should come as no surprise to the market as it has now been 14 months. Hopefully this means he has acheived all that was intended to be accomplished when he first took on the role for 6-12 months. As pointed out above the fact he is staying on as a consultant is a positive.
Cheers