Yes, they address the allegations and make some pretty damning statements about Richard White's behaviour: failure to disclose, misleading the board, conducting negotiations on behalf the the company without referring to the company. In short, behaving as if the company is his personal property to do with as he pleases.
The "unsubstantiated" findings were predictably in relation to the complainant who declined to be participate any further in this shitstorm. And while there are some here who might conclude therefore that the complaints were groundless, it is equally realistic to conclude that the complainant just wanted the behaviour to stop and is not motivated by any intention to punish Richard White or derive personal gain from the process.
The whole show points to a massive governance failure and a terrible corporate culture.
WTC Price at posting:
$85.57 Sentiment: Hold Disclosure: Held
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