This is a really odd announcement...FBR are not big enough to need both a "Global CEO" and a "Australia CEO"... costs continue to climb... they have simply reshuffled the deck chairs, but managed to give Mike a promotion...
How many years before this company can bring in its first $20m p.a. in revenue, which would justify the current share price on a 5x PSR multiple ($100m market cap)? I'm guessing 5-10 years minimum at this rate.
Good luck to all holders but I for one am glad to have sold.
Ann: FBR Implements New Corporate Structure, page-24
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