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22:05
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Originally posted by Fitzi:
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Not a result in the interests of all shareholders. Maybe more in the interests of a few larger holders and the MD? Our MD has dodged a bullet for the second time. I admit I really wanted Paul to feel the pain of the 249d only because he still won't accept or acknowledge his obvious failings, but he has cleverly managed himself an exit where neither happens now. The legacy of this Board will smell for some time unfortunately...HOWEVER "The Board has agreed we must match the skill sets of the Board and Management with the next phase of Mount Peake. I have advised the Board I am standing down and we are pleased to announce Neil Biddle has been appointed as Chair. Paul Burton has also agreed to step down and we are commencing a recruitment process as for a new MD. Paul will provide a 6 month handover to the successful candidate. We have also appointed Dr Anthony Robinson and are consulting with Major shareholders on nominations for one more Board appointment. Given the changing needs, we are seeking greater cor porate support for Shareholder Communication and Paula has indicated she will also provide a handover while she pursues other interests..." We should acknowledge this is essentially where we landed structurally tonight. It's well past time for the Board and Management to deliver what they say... pure and simple!
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I believe that once the dust settles, many SH who are rightly disillusioned by this evening's results will come to see the landscape as you do here. I think this is an accurate take.
