SMN 5.00% 42.0¢ structural monitoring systems plc

Ann: Letter from the Executive Chairman, page-25

  1. 135 Posts.
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    FMD, the shit show just keeps on rolling - that letter reads like its been written by a kid.

    We now have a chairman who's claim to fame is being 5th in charge at Qantas when they were flying Catalina's out of Rose Bay, we are no closer to a promised CEO with relevant experience and we still have that inept, egomaniac sock-starcher Bryant telling our major shareholder to f*k off.

    Bryant, the guy who kiboshed a raise at 72 cents, only to turn around and try and raise at 62 cents a few weeks later while proposing to pick up 3% in fees form his own company (that he didn't realise was a conflict) on a 9mill raise and also pocket 2.5million oppies (just to remind).

    Meanwhile, Drake were essentially being supportive providing they got a seat and were given assurances by Bryant who then re-negged. Bryant then gets pissed that Drake didn't support the raise that actually got up.

    You could'nt make this shit up.

    For the love of God, Bryant, move on you clown. Bring on a couple of Drake seats, lock in Rick, appoint a relevant CEO and let's turn this shit show into something that resembles an emerging tech company that could potentially change the global aeronautical maintenance space.

    Good luck to all holders (you'll need it).

    Powerage.


 
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