I encourage
@crazydave1942 to keep posting. The reality is, his views (and those of
@supergwailoh) have been far more accurate and helpful than most others on here. You may not like the messaging (and I admit the frequency of it can be too much) but it is one you cannot ignore.
Now, we should all prepare for a cap raise announcement within the next 24 hours so DM can raise enough cash on behalf of BUD to continue the transfer of wealth from shareholders to himself.
@McKhenry at some point in time an individual becomes self-aware about their lack of ability to perform their job to a satisfactory standard. Once they pass this point and remain in the role, they lose any credibility to be considered "a nice guy". He is now firmly in the "taking the piss" bucket and will continue to do so until he is forced out. Even if the sp goes to zero, he continues to collect his significant salary and has his luxurious globetrotting lifestyle paid for as "corporate expenses".
The BOD will not force him out, because, unlike most companies where the BOD select the CEO, DM has selected members of the BOD. They are (or the majority) only in their roles because of him, so why would they want to remove him?
This company will die (if it hasn't already) without significant leadership change. Perhaps voluntary administration is our best bet:
1. Stop trading on the ASX
2. Review operations
3. Source and place competent leadership
4. Implement new business strategy
5. Resume trading
