Ann: Restructure of Board of Directors-EXG.AX, page-4

Interesting development.

I hope that it all works out.

I feel it's a precarious time for EXG - it really needs to get its operation to FCF positive. So I hope this has no affect on operations. I don't think the market will be forthcoming with anymore cash should they burn through their remaining cash.

So I wish a move like this had taken place early next year when EXG had a bit more financial breathing room.

No doubt the cash balance will suffer a bit as a result of redundancies and the cost of new appointments. I look forward to seeing more details on the incoming directors remuneration.
And I think I would have like to have seen at least one of the current directors remaining involved. Seeing all four resign is a bit concerning.

Hope it with be a smooth and professional handover.