Even more so if replacement is more expensive. This obvious fact has been pointed out right from the get go of Nextellis. Scott Richards would have to have been the most incompetent failure as a CEO on top 1000 asx listed companies. This was an asx 200 company. Roger the Dog actually went to the to accumulate last 5 years of impairments. $1 billion plus. It appears they were selecting alternative years to announce the big ones. The previous board Chairman and friends along with Richards have nearly destroyed this company and done well for themselves personally. I cannot stress enough my disappointment and disgust with this man. The impairments in this announcement have come from left field to my expectations. I wish SR was gone immediately. The further damage this individual may cause worries me. The sooner the better.
MYX Price at posting:
32.8¢ Sentiment: Hold Disclosure: Held
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