No, Joe was no fool. After all, he was company secretary as well as a director. He never saw any reason to get personally loaded with shares. How right he was.
I wonder when GCN is going to make itself legal again, under the Company's Act, by appointing an Australian resident as a third director.
It is no good Jermaine Jackson clamouring to come back as a director. Because he was not resident in Australia he never attended a single board meeting. I don't know how much he knew about the company, but it might be unwise for him to come to Australia at this moment.
GCN Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held