Board change: Wheeler out Fulida Vice President in, page-10

Wheeler out of the board is significant; he was Mauro's puppet and gave Mauro 2 seats on a small board, which had a conflict of interests in WLD's murky dealings towards Mauro's private company (possibly resulting in the premature departure of a previous director), WGH, and against the benefit of other shareholders.

Fulida on the board, as rightly pointed out by Simon and a few others, brings both increased independence and Chinese acumen.

Ideally a new Chinese jv partner with industry experience and clout who can make things happen will come onboard sooner rather than later.

The company also have put forward an additional independant board member will be added soon.

All things considered, the board is starting to resemble the board of a public company and it is reasonable to opine that Mauro, although entrenched in the CEO role until the Intesa loan is repaid, is nevertheless losing power within the company and that is a good thing for shareholders, generally.

The question remains, who is Tradeinvest, and more specifically, are they a Chinese company?