Ann: Managing Director & CEO Change, page-195

Agree. The good thing is the Board have taken action though the communication for the change has been opaque at best and avoidant at worse. My concern is multiple statements from mike via interviews and the Vimy twitter account re approvals and it being a foregone conclusion. These sentiments have NOT been reflected in the announcement. It is a legal requirement for Vimy to correct any misinformation from their CEO and twitter account. They have not done so. This does not fill me with confidence as even if what Mike said re approvals was accurate it would be reflected in announcements. It is not! Rather there was a long painful delay for an update on approvals. Mike made it seem like it was all fine ("Good News") and then after the first lot of delays said that the lawyers were going through the quarterly. I suspect the lawyers took out any mention of Approvals being in the bag. This is not Vimy's decision thus not for them to say.

Now that there is a new CEO i am inclined to seek clarification (officially) from Vimy re approvals in light of statements made by Mike which are not reflected in the announcements. In any event i have cashed out 80% of my holding a month or so ago.