abobo may be right about Peter Cook and the management team, I have no direct experience with them. However, his reasoning his based on "abobo reality" which needs to heavily discounted.
"In the AGM Peter Cook LIED to shareholders on the cash per share backing."
According to abobo's guesstimates. That is an opinion not a fact. At worst Cook may have made a small mistake, but my figures can't even convince me of that.
"The Chairman told shareholders he will vote for the election of Dr Montato to the board only to pull the plug at the last minute. Even if it was legal, such misleading and deceptive behavior is usually associated with thieves and robbers rather than company chairmen."
I too initially found that disgraceful. However, at the AGM this was clearly and reasonably explained. I now view it as a error of judgment. Misleading and deceptive it was not.
"They ignored the fact that shareholders had voted down a resolution to reward Peter Cook in the AGM. They showered Peter Cook with LTIOs and engaged in a company shares buyback by stealth."
Not true, totally fabricated or shows a lack of understanding of what actually occurred and what is in PCs contract. Did PC deserve bonus? No. Should he have rejected any bonuses for the year. YES. But it was all by the book.
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