AndoRegardless of the outcome , it is very difficult to argue...

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boomeronrations

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25/08/21

14:29

Post #: 55562281
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Originally posted by Ando30: ↑

I've got a few questions, don't worry its mutiple choice & there is no wrong answer just light hearted curiousity (have to get something out of my money & right now entertainment seems to be the only returns I'll be able to realise).

1. Why issues were not raised by the BOD sooner than the date that production was expected to be announced to share holders:

A) BOD is incompetent

B) BOD have been lying

C) BOD hasn't been telling all the truth (closely linked with B but not entirely the same, just ask my wife)

D) BOD are dettached from the buisness & had no knowledge of any issues & were caught unaware just as we the share holder has been

E) BOD was unaware of issues as the operational staff concealed the issues purposefully due to job security fears

F) BOD were unaware as it's a new industry the engineering was not understood fully & the shortfalls were not recognised until too late

G) BOD doesn't have a responisbilty to inform share holders until they feel they want to

2. What is the companies 12 month outlook going forward:

A) It's going down the proverbial toilet & share holder value is lost for the foreseeable future

B) It's going into receivership & share holder's money is already flushed down said shitter

C) BOD will come up with a plan & within 12 months will be making money & returning share holder value as previously hoped

D) BOD will come up with a plan that will return value within 12 months & see mutible x growth within the next 3 years

E) BOD have no idea hence the silence since they found out about the issues/revealed the issues (closely linked with A & B)

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Ando
Regardless of the outcome , it is very difficult to argue that your post isn't entertaining.
But , perhaps more entertaining for non-holders.
My apologies to holders.
On question 1 , perhaps it needs a little tweaking.
My feeling is that it may well be " all of the above '' at various times through the process, so the answer might be H.
Have been in the middle of these situations in times past , and often it is a toxic mixture of hope and optimism , with very little malice , with unknown mistakes and misinterpretations snowballing ,eventually having the whole edifice crashing down . Corporate version of Boiling Frog .
So I do feel a little sorry for management.
On question 2 , I cant decide between C and E .
cheers

SO4 Price at posting: 31.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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