The actions of Wah Nam have been so counter to good management one could almost assume it was a concerted effort to pummel the SP. Surely incompetence like this is not just a co-incidence?
Here is their 10 point plan for SP destruction. So far working well you would have to say:
1/ Sack half the Board after announcing to the market you were "happy families"
2/ Sack the CEO and have no replacement and ensure he is paid out to the maximum.
3/ Remove all "positive" broker reports and articles from the web site. Leave the web site dysfunctional with gaping holes.
4/ Have newly appointed Chairman investigated for corruption
5/ Suspend rail talks with FMG
6/ Suspend all work on the DFS
7/ Announce a "review" and suspend indefinitely all project timetables
8/ Ensure the cash burn rate is completely unsustainable
9/ Increase Director fees
10/ Adopt a new and expansive Options Scheme
Add to My Watchlist
What is My Watchlist?