I, and a few others, tried to rally the troops a couple of years ago to remove Gareth and, for awhile, I thought it would happen.
However, certain holders were convinced to alter their votes at the last minute and he ended up surviving.
I don't blame the holders for changing their minds but it was a golden opportunity that went begging.
Imagine if different directors had had their say and we had not blown through the sizable amount that we had in the kitty at that time.
Anyway, the directors now ( mainly ) making decisions have sizable skin in the game and I am sure they will spend much more wisely.
As far as I am concerned it is almost a different company from before with what should be a bright future.
Lockitt
ICG Price at posting:
2.0¢ Sentiment: None Disclosure: Held
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