Motley Fool have been on and off the Newsat bandwagon so often that one day they will be right [one way or the other].
They can't seem to make up their minds. A month ago one of their gurus was lamenting having done his shirt on them so I would take as much notice of Motley Fool as I would of AB saying we will launch Jab1 in 2012, we have more money than we can wrap our arms around, have a number of agencies lined up who will not only bring funds to the table but commercial business as well, Jab2 would be filled well before launch, Jab2 will not have any existing clients moved over to it, ExIm are happy with the arrangement we have made re the CR, the slots are still held and are our "beach front Property", our NEAR TERM sales pipeline in excess of $400mill, etc., etc.
AB is a complete joke! He has turned Newsat in to a farcical mess. We need a new CEO and fast. It would be hard to find a more incompetently led Company.
As well as AB, Richard Green must go and Ching, Yap and the Singaporean crew show a bit of backbone.
While they all stuff around playing yachts and looking after each other they are using my money. If the new Directors are presumed to be independent then about time they stood up and proved it. Did anybody oppose or question why MH got the flick?
2015 must be a time of advancement for us but it won't happen unless 2015 is also a time of BIG change. Clear out the overpaid bloated upper management [with a few exceptions] save a bloody fortune in salaries and get something done.
Hopefully ExIm and Ching will do what I unfortunately can't!
NWT Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
