SPX 12.5% 0.9¢ spenda limited

where is the support?, page-9

  1. 34 Posts.
    I dont understand mitis - Why is this a problem?

    I know a few Chairmans that sit on many more boards and all Jitto is doing is focusing on 2 and putting every effort into these companies, he has a responsibility to both companies as Executive Chairman. A couple of good examples of this would be first, Rick Allert, Chairman of AXA and The National Mutual Life Association of Australasia Limited (NMLA), Chairman of the Nominations Committee, Chairman of The Aboriginal Foundation of South Australia Inc. Deputy Chairman of Gerard Lighting Group Limited and a Director of other companies, Rick was also formerly the Chairman and Director of Coles Group Limited, Southcorp Limited and Voyages Hotels & Resorts Pty Ltd.

    Or have a look at Don Argus for that matter, formerly Chairman of BHB and Brambles, 2 very large public companies. I mean, shouldnt Fortis feel the same way with all the focus Jitto has shown MOT? I hope not - I think he has done extremely well in increasing the SP from 1.3 cents to 8.8 as it is today, we cant expect much activity now with Christmas just past and most people only just getting back from leave, as well as the dregs still settling from the rights issue. I understand that Jitto has also used his mining contacts to help MOT, with a new board member and of course the rights issue, the actual underwriter was from the Fortis board. I did my research, you should do your own - because it was this type of continued effort that moved me to loyalty and trust as a shareholder. I personally thought, if they can work this hard for the company, then we simply cannot lose.

    Without Jittos and the Directors efforts over the last 6 months, the SP would not have moved nor would we have had the mConnect acquisition. So what is the real problem?

    Without antagonising the situation, are you someone who has had a past relationship with the company when it was MVH and is now sucking sour grapes? no offence intended, in my opinion these types of negative posts have previously appeared to come from very unhappy people, associated with the buried MVH and who just want to see the company fail so they can feel like they are right. I hope you are not one of them, but if you are, then maybe you can try to appreciate the enormous effort already expended and put aside your biases, and if you are not an ex MVH disgruntled associate, then I sincerely apologise.

    I for one am very happy with this company and I think now is the time for reciprocal support, Jitto and this board has been very good to us, we now need to return the favor by showing some patience and more positive dialogue - while we wait for the expected turning point, which I believe vehemently will happen - its inevitable.
 
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