Always the fear, when organisations release a shock to the market, usually it is never a done and dusted event. Bad news comes in twos and threes.
RCR clearly lacked any internal controls or simply ignored any governance, on any of their projects.
So glad I dumped when I did and so glad I dumped my SP’s as soon as they hit my account.
CEO gets a million bucks.
CFO? Not sure what his exit package was.
Chairman presided over this, yet still holds the reins.
The acting MD showed his hand, that shareholders matter little. My direct emails to him at the time, remain unanswered to this day.
So Shareholders get jack. This will take a long to recover, if ever.
If they do another heavily discounted CR, then there has to be a class action, by those who participated in the $1.00 CR.
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