I don't care what they come up with, I will never trust them. Will you?
I stopped trusting when JL made the comment about having sufficient cash and then bought Regal onto the register. Up until then I thought that JL could build a Cyber business, but there was just too many flashing amber lights from that point on. Having said that once I stopped trusting as much, I managed a number of decent (but patient) trades as I adopted a different approach to VOR.
I'm saddened that they couldn't build further on the Cyber business, but that's how it unfolded. I think in time CyberCX will become what I hoped VOR could have been.
For now - I want HD to state things on the record, whilst they are still around.
There's some simple things they could state in the interim:
- current cash balance
- what they may have to pay for advisory work that was in progress until TH came along
- who is on the board of TSI (as it should no longer be JL).
- did JL join CyberCX as part of the C10 acquisition?
- why did they not see the need to re-value TSI? Are they open to reviewing it?
- some depth to what new ventures they have been evaluating, rather than just touching on industry sectors.
- provide an ETA on the buyback and some further details
- tell us what MacLeod brings to the table as a director
- can HD provide some vision and Independence?
I think it's good that a deadline has been put to them and hopefully they respect they are in caretaker mode.
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