any news re sale?, page-19

The unfortunate aspect is the company severely lacks basic standard corporate governance. There is just one independent director. What is Mark Clohessy doing?

With both the advised $300m offer (convenient number) and takeover interest occurring within a bull's roar and the company effectively 'in play' the board should have appointed corporate advisers/investment bankers with the right experience in the assets and overseen by an independent chairman. These people would then advise on a formal process and manage it. If advisers had been appointed you would have expected the market to have been told. JC would take a big load off his own shoulders by doing so.