For those who blame SpringTree/Bergen for the current SP, today’s announcement is probably great news.
If, like me, you think the SP freefall (which began 12 months before SpringTree arrived on the scene) is mostly due to
* A steady stream of unmet expectations (created by RC); and * low quality shareholder communications,
then you’ll probably still have that niggling feeling that RC lives in cloud cuckoo land.
The days of DYE getting by on hyperbole and nudge-nudge wink-wink promises (as triage says) are long gone imo. Comprehensive timelines and updates (call it ‘respect for shareholders’ if you like) is what’s required now.
PS Credit where credit’s due - today’s notice was well written and comprehensible.
PPS Looks like RC’s pulling an all-nighter to get the HY report in before 10am. The “Recent testing…..in Korea” line in today’s announcement makes me hopeful it'll contain some Timo commercialisation news.
GSL Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
