Who cares about what he did, board wanted him gone so he's gone. Very positive news because he was not the right person to commercialise. DK has 20,352,778 OSL to sell, i imagine this selling pressure won't relent for another few days because he'll exit along with other shareholders who lose confidence.
SP has been pushed down artificially due to DK exiting (2.5%+ of MCap needs to turnover on an illiquid stock asap). But perhaps we do deserve to be trading down here because the SP had priced in a breakthrough revenue generative quarter (small NZ revs don't count).
New CEO announcement will stop the selloff but I'm worried it won't happy until next year, haste of the firing reduces likelihood of having someone lined up ready to go.
OSL Price at posting:
13.0¢ Sentiment: None Disclosure: Held
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