Despite having sold, I continue to watch MAD with interest. I wanted to note that the original service agreement for Mr Yeager was set to expire on 15th October 2015 (see last annual report), which has of course elapsed in Texas time. On that basis, I would hope that MAD put out an announcement shortly on the ASX regarding this matter. Monday morning market release would seem appropriate to me!
The battle plans for those still holding on if Yeager hasn't renewed contract? Curious. It would be awful to see him walk away, pocketing very nice sums via his salary in the process, without having delivered on company strategy. This would leave shareholders up the creek without a paddle.
On the other hand, if he remains, that might be a confidence boost, and signal that perhaps the team is closer to locking in on an acquisition. At this stage, it's very difficult to know given the unfortunate lack of shareholder engagement from MAD. We wait and see, I guess.
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