The problem here is the result was really good and she just trashed it. Her statement produced a 7% turnaround in the stock price. On two occasions she has trashed the stock price by 17%. Now whilst she has the right to sell she has a responsibility to shareholders which overrides her right to sell.
I urge everyone here to go to the a 2milk website and express their utter dissatisfaction with the behaviour of the CEO and Board and demand her resignation or at least an attempt by the company to make things right with shareholders by either a dividend or a share buyback to restore the value she has single-handedly torn from our great company.
I have done this- we all should - we should be up 60 to 70 cents- not down.
Ann: 2018 Annual Meeting Presentation (including trading update), page-84
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$6.85 |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 4252 | $6.84 |
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|---|---|---|
| $6.86 | 10763 | 3 |
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