The Jacka chairman resigns and noone mentions on the board here.
As an investor entirely in the dark on proceedings, I hope the remaining board understand their fiduciary duty to act in the best interest of shareholders, irrespective of how long a director has been on the board.
And I hope the board are considering all options and not forgoing an asset sale or superior merger in order to pursue a course that will bring more favourable benefit to directors.
I am sure they are not and have no reasons to suppose so, only that there has been quite a considerable silence and some key dates pending and a share price that has long been suspended, something I have not had experience with before.
This is a company listed on a main exchange, with standard governance requirements. I look forward to shareholders interests being upheld in the manner that would be expected by any listed business.
JKA Price at posting:
8.3¢ Sentiment: None Disclosure: Held
