Ann: Resignation of Group Chief Financial Officer, page-5

  1. 2,968 Posts.
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    Was he pushed or did he jump....? Doesn't matter it is a start of the culture reset. Next step imo is to cap raise.

    He leaves behind a balance sheet on a tight wire imo, next CFO will be looking closely at writing off 280m of intangible software development costs parked on that balance sheet. It will make for a shocking headline imo. I hope for DOW's sake they cap raise before the market realises that the current 2.1bn valuation is hot air for a company that has negative free cash flow, excess debt, culture issues, skinny margins and a paltry 17cents NTA per share.
 
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