I'm not getting the"massive" upside vibe from this last update. Shifting Cameron Bain to COO is probably a good move based on the experience of his CV.
I would have liked to have seen the CEO roll advertised and see what names came to market. An experienced CEO is crucial for Sircel at this growth stage.
Communication and presentation skills are for me key attributes of an experienced CEO.
In the 27/3/2023 update Anthony Karam stated the date of the AGM would be advised in April 2023.
This is the AGM that under the Australian corporation Act should have been held by the end of November 2022.
Here we are in May and we have no such advise.
This is why I'm not so sure about massive upside when the basic reporting requirements are not been met.
All shareholders should be concerned around these ongoing delays.
If this company ever lists there will be a tenfold increase in reporting requirements, currently there are two and these are not met.
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