Ann: Appointment and Resignation of Non-Executive Director, page-3

Ok, revolving door opens yet again. Who is going to get the opportunity THIS TIME to resurrect the sinking ship? Whoa, no other than some one who has already jumped ship but in a whirlwind vortex, may think he has been rescued! Just proves that Sharp wants only his right people aboard this ship. No fresh blood, no new ideas, is he prepared to stand up to Sharp? Charts tell me that the next stop is round about 5 cents. Why? Because neither Sharp nor Scully nor who ever bought the 3 M shares this week over 2 orders @ 10.5 cents, have put new buy orders in today. Very sad, but in my opinion true. Just a free thinking thought. Some thing needs to be done, but how can ordinary share holders beat a system with a director who owns so many shares in his own name + alts (+friends) + proxies? Answer = No hope! And yes, I have sold down recently. Got sucked into this quagmire, and have finally realized that that there is no bottom. IMO Directors do not realize or worse, understand, what LIC's, institutions and advisers who who can be fickle at the best of times, can do to a publicly listed company if they fall out of love with it. On this occasion it is OUR company XPL and what they can do to (OUR) share price! Their actions are, or more importantly their reasoning, is hidden from us. In other words IMO, we have lost control of the company via IAS, LICs, advisors, investing Institutions or any single combination of them. Plus don't forget normal market cycles. I want to be wrong (yes I want to be wrong as I still own a substantial holding) but 40 odd years in finance tells me I am not. IMO this whole saga nearly has an smell that ASIC might nearly be interested in sniffing at.