With Chapman’s now owning a large slice of RNL this will mean that the wild West will loose their influence and no longer have the chance to veto the normal stock holders intentions.
Surely there will now be major changes to the management and board structure as it is not sensible or appropriate for a small company to have a board of 5 (Chapman’s get a seat on the board) when the incumbent board have only delivered diminished stock holder value through share dilution.
Part of these changes means that Meagan Boston needs to fall on her sword as she has not delivered any new clients, trial clients, negotiated contract with Virgin or revenue growth.
Let’s hope Chapmans will start moving on RNL asap
Imho.
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