Ann: Appointment and Resignation of Non-Executive Director, page-4

I know that there is nothing untoward happening for ASIC to get worried about - no issues there. But this is a real case of a company stuck in a vortex.

* they are too small to spend significant resources on keeping up to date with competitors in the market like Hub and NWL - so products are below market expectations
* the brand still over promises and under delivers - on software, wrap, reporting
* the Board is stacked with industry veterans who have a low understanding of where the market is at or headed.
* they have the wrong people in roles - and they way one of these managers treat HER staff is very poor (yes you know who you are).
* Don is WAY too hands on - the new CEO - he or she needs to have clean air and a MANDATE for change.

Time for a complete cleanup. If it was not for Don and his friends buying the stock then it would be at 5c by now. They are artificially propping the stock - Asset Growth is anaemic - go back and look at the quarterly reports - net flows are very low - compare that to NWL and HUB.