Some wild speculation.
Elton will make a play to oust Lammond and take over as VRS MD
Elton would now be VRS second biggest private shareholder (ie: ignoring the institutions) with about 15M shares, behind only Lammond. Elton Consulting is the only part of the business performing to expectations and the current Board and Exec have destroyed a significant amount of his personal wealth (he took close on $6M in VRS shares at around 18c when they bought his business).
It's not hard to think he must be pissed off and thinking he can do better.
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