This is great news. Remember, Lowe stated he was comfortable with EVERYTHING that had happened prior to his arrival after looking through the books….
Lowe should have never made it past his probation period as they put in clauses for ‘cheap’ dismissal should funding not be provided. Why did a shell company need an MD? add it to the list of ways the board has continued to screw holders. his pay out is high, but not surprising due to the producer level terms we was hired at.
He became a buffer for the remaining board members, putting someone in the top job who was not directly responsible with the demise of the company allowed them breathing space.
surely this 249d has no problem going through now…. The only guys remaining are DIRECTLY responsible for were we are.
I have little to no doubt these guys will also jump ship just prior to the 249d meeting… squeeze every last penny out of it first though…. Fraser by far the worst of them.
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