"I was ceremoniously reamed with BS from the board for just...

  1. 35,547 Posts.
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    "I was ceremoniously reamed with BS from the board for just wanting to rejoin the board to assist my brother and help steer the company again"

    From a corporate perspective You do not think it audacious by yourself to expect the board to take you back on after voluntarily leaving it, as a board unlike individuals is governed by its corporate governance practices ?

    Personally I would bury the hatchet on that issue , and anything to do with belittling LBL as it is wasted energy on your part , and just stresses everyone out who are ------governed by the board constitution
    Use the energy on something constructive maybe your own R&D program for something which you obviously have the skill sets for.

    "How could I have confidence in Ms Parsons's abilities"

    because Dagmar Parsons has chaired an ASX microcap for the last 6 years . When she took the helm the company was on its death bed , haemorrhaging several million a year , and had accumulated losses of around $50 million , in the last 3 years it has started making a profit , and she has elucidated and graphed a CLEARER strategy graphed going forward than what LBL has done !
    Her detailed yearly chairpersons AR analysis is a far cry from the one page document her predecessor at the microcap did before her.
    Good to hear you had an argument with Parsons , I do not know the arguments context , although I would probably more call it a healthy constructive debate that she had the confidence to take you on about , and I am surprised you do not have respect for her doing that , that took guts on her part .
    Maybe you need to do a bit of self reflection on not taking things personally and just accept people will have different opinions from you .

    "Concerning profit margins, what is your opinion on nepotism?"

    I do not know where you are going with that and probably I do not want to know as I trust the personal running this company , unlike many companies I am invested in which are run by scoundrels .

    "Concerning R&D, a degree does not an innovator make."
    Your brain is wired for creativity , its a gift to think abstractly so yes you are correct a degree is not necessary for that , can even be an impediment as can not think outside the box .
    I would not demean someone with an engineering degree though as it shows the person has the ability to calculate difficult equations and utilise various engineering programs that I know I can not do .

    Anyway take care mate , and hope the lobster pots are full , life is more than just LBL I respect you for putting a great foundation under the company with your brother the legacy of what you guys seeded continues .
 
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Last
37.0¢
Change
0.010(2.78%)
Mkt cap ! $43.53M
Open High Low Value Volume
36.0¢ 38.0¢ 36.0¢ $109.3K 299.0K

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Price($) Vol. No.
38.0¢ 75580 3
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Last trade - 16.10pm 30/06/2025 (20 minute delay) ?
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