News: MVF Monash IVF Group Says David Morris Resigns As CEO And Managing Director, page-7

The entire board stands condemned.

Even the the 3rd biggest and low cost model Genea was more attractive to the Hong Kong/Chinese consortium who paid over $300m to acquire it rather than buy what is becoming a train wreck of a business.

I spent 12 months arguing with @Rupfel about Lynn Burmeister but in reality she is a symptom of a failed board.

It took them 12 months to find a replacement for James Thiedeman, who hardly covered himself in glory, and now he hasn't even lasted a year.

The Non Executive Directors were paid over half a million in FY17. They come from Consulting and PE backgrounds. What ever they were paid this year should be forfeited.

In the end I own my mistake not getting out earlier but I look forward to seeing the FY18 Annual Report to see how much the board were paid to execute it.