Roger Sexton/BFC Board members,
Why replace Joanna Andrew? All Board members should go NOW.
Current BFC Board has or is overseeing,FY21/22 results due within next 6-7 days.
- another annual loss - No 6
- positioned BFC as a "pricetaker" with all its products. BFC deals in commodity products.
- has burnt and continues to burn shareholders funds
- faces a 2nd Strike at coming AGM - very difficult to avoid. Go NOW why wait for Nov/Dec 2022.
- is suggesting a share placement (KCG) that does not make commercial sense. Driven by NAB?
- a Chair that keeps talking about retirement but doesn't act. Time Roger. 6 years is enough.
Unless Roger has some more "rabbits to pull from the hat" BFC will do zip and NAB will be in the drivers seat (probably is now).
Give a new Board a GO
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