Ann: Lake Resources Announces Executive and Board Actions, page-98

Hi AG9, I guess the question is, Is David Dickson the right person to lead LKE. Well his resume is great he ran a large multinational company in a cut-throat volatile industry, but he has that one blemish that he bought a company that was way more problematic than he had assumed. The due diligence on CB&I was no where good enough and that is on him. Having said that there may be mitigating factors that I'm not across for instance he is the CEO, I expect that he would delegate due diligence to someone in the company that has this role. So although he bares "ministerial" responsibility the actual nuts and bolts mistake probably isn't his. Then there's the stuff that CB&I hid I'm sure they didn't have a line item on their accounts that said x million for corrupt practices and hookers.
So from what I read he seems capable of guiding LKE to become the company that we want it to become.
As with everything investing it's a risk/reward calculation we all have different methods of calculating that risk, and we must all make our own calls. David Dickson ran McDermott well then had a huge stuff up but then was able to guide the company back to profitability.
It's a pity that the original investors lost their money, but the merger did get a positive vote at an AGM, so the investors made the final decision. It's a pity that the hookers lost what appears to be a pretty lucrative contract, but it's all risk/reward