My worst fears have now definitely turned from nightmare to reality. I really believe that the current management is incompetent on so many levels. I go back to the time when they recruited the former airline excutive Jane Hrdlicka who was allergic to frequent international travels, not willing to relocate from Melbourne to Sydney, but eager to convert free A2M shares into hard cash at the very first opportunity. All under the watch of the London based A2M Chair, who seems to live in the Dyson/Apple world, rather than infant formula. This large scale selling now duplicated by several A2M executives, for personal tax reasons of course, but conveniently just before a forward profit downgrade release to the ASX. In August (5 months ago) an underwear specialist appointed as an incoming CEO, who has yet to make a substantial appearance. He is supposed to start his duties some time in 2021. Now an ASX release that they got accounting procedures wrong and an admission that they so heavily rely on the Australian tourist trade to get their individual IF formula cans out of Australia (Pathetic, really). With the money they have sitting in the bank they could purchase a fleet of aircraft to address these logistical challenges. Glad I pulled the ejection lever.
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