Ann: Licence Renewal and Operational Update, page-8

Not sure I agree, sorry. He seems a little less convincing in his interviews vs Andy. But the KSS SP was already aiming firmly downwards when he took over. A bit like the captain of a plane handing controls over to the co-captain, when the plane is in the middle of a nose dive. When it hits the ground the co-pilot will be blamed. But who started the nose dive? And why?
I think Andy and co were not totally transparent, whereas Alan is. So a lot of hidden "mishaps" and "fears" were withheld from the market. If they had been 100% upfront the SP would never have seen $1.04 IMHO , and set an unrealistic expectation. Now Alan is airing all the dirty washing the SP is getting whacked for sure. But I feel better now that we have full disclosure than I was before. I think now just about all the downside risk has been exposed and a more rational assessment can be made. I look forward to the next First Berlin valuation (as flawed as that may be), to demonstrate a trend.
Think of it as "spring cleaning". My thoughts anyway.