simon drake-brokman vote, page-12

Good post, pesa!

Not to disagree, but these changes in structure/direction could have been made years ago. As far as where we might be now had RC been reinstated, we'll never know and it's no longer a scenario worth contemplating. The thing that bugs me though is that Fowler got himself re-elected in 2011 on the back of grand promises, most notably saying that the Crux deal would be signed off by the end of 2011. He dangled that carrot for the best part of a year before bailing out...and he now stands to collect his second retirement payout in 3 years!

The man treated the company as his personal ATM for years and he will get no thanks from me for anything positive that may happen in the future. He repeatedly called for shareholder patience while he and his team supposedly strived to "unlock shareholder value", a line that was spruiked ad nauseum in almost every annual report. It's now November 2012 and the SP is 12.0 cents. The only time this board ever acted swiftly was to write themselves a cheque.

Like many holders, I live in hope but am far from optimistic.

Good luck to those attending the meeting tomorrow...I hope your voices are heard.