To the Board of VRX
Why is VRX needing to do a half baked CR?. Clearly the MD (Bruce) needs to beremoved from his role and the board needs to appoint a CEO that knows what theyare doing, is better at presentations and can command a room. Bruce is boring,too many ums and ah's and does not inspire anyone. Bruce has also published somany untruths around timelines and offtakes (real ones that includes price, delivery dates etc) it's not funny. The "offtakes before Xmas" ann was a disaster causing the sp to move up to circa 40c on the back of a lie.Surely, he cannot continue to be the front person for this company. His arrogance towards the EPA has been abundantly clear. I mean, revising, revised drafts was just unbelievable. Also, shareholders have not been kept fully informed with the volume of correspondence between the EPA and VRX, especially the continual blaming of the delays being an EPA issue only.
The product available to VRX is incredible but the management (Bruce) would have tobe in the lower quartile of MD's in the ASX (performance wise). The evidence is in the share price. The SP should be in the 40c bracket but because the market has lost faith in management, the sp has had a significant risk factor builtinto it.
Please remove Bruce as the VRX person in front of investors etc and replace him with adynamic, skilled, experienced performer.
IMHO & DYOR
