HTG 6.25% 1.7¢ harvest technology group ltd

Ann: Operations Update, page-130

  1. 1,592 Posts.
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    5 months since this update and the company has failed to convert any major deals in the 'pipeline,' including 5 eyes second order which was promised to the market on several occasions to be finalised several months ago

    they are on track to exit CY 23 with another huge loss of many millions of dollars which is astonishing give Paul Gilfoyle disclosed to the market on several occasions that the company would be cash flow neutral by mid 2023

    it's clear as daylight he has failed miserably in leading Harvest, so why hasn't he admitted he isn't fit for the job and work with the board to find a replacement CEO? that would be the most ethical thing to do - putting his ego aside and acting in the best interest of its shareholders

    you would also think given the dire financial affairs of the company he would do the right thing for its shareholders and take a pay cut to preserve capital (he is paying himself a circa $400k p.a package)

    disclaimer I own shares in ASX:HTG
    do not rely on anything I say
    do your own homework & research
 
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