>I never saw anything about Mr Price going for 'Executive Chairman"? Unless the ASA have a different set of voting papers to the ones I received, Mr Price was standing as a NED.
>I never had a lot of respect for the ASA and now I have even less.
>I would never allow the ASA to control my proxy vote, especially after this disaster. They probably held the decision in their mis-informed hands.
Firstly I understood Mr Price did want to be Executive Chairman. It was not specified in the EGM papers but I believe that was his plan, If he won the vote with the majority of the shareholders behind him convincing the Board to make him Executive Chairman would not have been a step too far.
I for one would support that as a means speeding up the transition of PPX.
I has briefly a member of ASA and they do a lot right but I do consider they are perhaps too process driven. In this case I believe they got it wrong. They probably blocked Andrew Price becoming chairman and in the process destroyed shareholder value.
SRS Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
