The problems at FFX did not start after the 31st May 2022BB...

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Ironlady

13 Posts.

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23/08/23

21:24

Post #: 69511668
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Originally posted by Threadbull: ↑

I know that fact, and it doesn't do a lot of work in bringing me to reconsider that statement. I believe while everyone focus's their ire on the previous MD, people need to realise that all his work, including the announcements that were effective lies to the market (really all critisms in your prevoius comment and all of Frankys and Foocas identifications of poor governance), where done with the permission of the board at the time, of which BB was a part of. And if the board wasn't across these announcements and the previous MD's decisions, then I'm afraid ignorance is no excuse either. It's arguably worse. Being a large investor who posts smart things online is not sufficient to running a company.

I don't know the quality of BB's decisions. I won't comment here with regards to detailed quality of his directorship, I will only point out that he was a part of the director team that directed this company into the position we are in today. A lot of people I know and respect who can now be considerred large legacy holders, certainly respect the bloke; I've just never met him and have to assess the data that I have; since none has come from the company.

And that data tells me that either through ignorance, incompetence, corruption or the agency problem, the leadership of this company steered it into the ground and severely damaged the payoff and licence to operate of it's primary sister asset. The only directors and leadership that I believe have walked away from this with their reputations intact are Liz and Naomi.

With the exception of those two, you won't catch me defending any of the previous directors or leaders of the company until further information is provided, they failed including BB. Even if it is true that he is a top bloke.

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The problems at FFX did not start after the 31st May 2022

BB could have a lot of questions to answer if this draws in LLL.

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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The problems at FFX did not start after the 31st May 2022BB...

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