Ann: Management Changes, page-2

Wow. Price booted.

These guys are in full survival mode now as evidenced by the comments regarding further asset sales, capital raising and/or capital restructuring.

Sad state of affairs. If Price had just got rid of Europe in the first place like he said when he first joined rather than blow tens of millions trying to fix it they would be in far better shape now.

Rather than take a conservative course of action that would have seen PPX and PXUPA holders get a decent return by breaking up the company, they swung from the fences in a high risk attempt to make it a half billion dollar company.

It was always a high risk strategy and now it has failed. The directors are now just trying to salvage anything from this mess.