TTS tatts group limited

okay wots goin on ????????, page-18

  1. 993 Posts.
    re: back at $3.34 If it wasn't for the almost certain inclusion into the ASX 100 this stock would be sitting around $3 or less. I was at the AGM yesterday and it was interesting that although there are 40,000 shareholders, a select few of around "250" actually control 80% of the companies shares. They got their guys onto the board but the question now is, who has the experience in dealing with the govt, the legal background and the know how to deal with the licence renewal??? The new directors are both interstaters. Playoust told the crowd he'd completed a "diploma" in boardroom management, whilst Vertigan enlightened us as to his hockey prowess??? He may have briefly worked in treasury in Victoria but it was not for this govt and from all accounts there doesnt appear to be anyone on the board now with the experience that will be required (not to mention the clout and contacts) to get the licence over the line! My guess is that by the end of 2006 the MD will be gone along with the two new directors and some others. The blood letting hasn't even begun in there yet. What happens now will be ctestrophic for the business in the medium to long term... any comments would be welcome form those who may have been there.
 
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