Ann: Presentation - RIU Fremantle, page-138

It is great that this stock has bounced with the market, but the reality is that JP’s presentation at the conference was all over the place. The corporate strategy has been a disaster. Moving from 30c to 34c is not a cause for celebration when this stock should have been at $1, even in the depths of a bear market.

This company clearly needs an experienced development MD to take it to the next level, an experienced Finance Director on the board, and a credible Chairman (ie not a lawyer constantly trying to cut himself side deals)

Of course, none of the above is going to happen because this is a board incapable of re-inventing itself, and so the stock will continue to dramatically under-perform.