There is a classic give away in this announcement, which IMO tells everything about what is wrong with this company. The ASX notice is announced by the CEO and not the company secretary, as if the CEO has appointed the new chairman, and not the board as it would be done by a well governed company. A company where the CEO tells the board what to do is, again IMO, a malfunctioning company. It will be interesting to see if the new chairman is a so called "yes" man or indeed a strong leader of the future direction and vision of the company able to stand up to the CEO.
TTI Price at posting:
4.3¢ Sentiment: Buy Disclosure: Not Held
