CFO 0.00% 0.2¢ cfoam limited

Ann: Change of Director's Interest Notice, page-79

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  1. 1,312 Posts.
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    6 months ago I said the directors were, shall we say poor, that is the safest term I can use here and said they should be relieved from their job.

    I had mixed response with many claiming they were only listed for a couple of months.

    6 months on with still no contracts, very little updates does anyone think they are earning their keep.
    They did say they were looking for a real director but no more on that so far.

    We know there is large potential here but this is becoming a joke.
    My view is the relationship between cfo and touchstone should be reviewed by a chairman and board that was not appointed by touchstone in the first place.
    It appears to me that Touchstone are getting contracts and cfo are there to supply stock.
    I commented a long time ago that cfo was a spin off for touchstone.

    Now any sales are good sales but cfo have got to run their own race and I don't know this is happening and surely not performing to expectations.

    They have spent money on improvements but we still have not heard what production increases this has made.
    We have heard the term debottlenecking for a few quarterlies so that is getting a bit old now.
    Still cannot see how a chairman of a company can not even live in the same country they are chairman of.

    Interesting to see results in 3 weeks and the spin associated with that.

    I expect a large increase in production after the money, our money I might add was spent on new machinery and upgrades and no more lame excuses.

    Simply if these directors have not performed now they should be removed. After all they have been directors of cfo for over a year now so let's not swallow more of their excuses.
 
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