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Thank you, great post. My children don't like the share market...

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moNicAa

209 Posts.

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11/02/18

09:16

Post #: 30973624
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Originally posted by Marek78 ↑

I’ve spoken to both parties in my time & done my research over latest issues.
This corporate governance as birdchip mentions in the reports is important & as stated far from what’s only required to be a successful chairman.

The call that Mutton & co are non-compliant to this is nonsense, he along with Radford the CEO have been on many boards as chairman & CEO & been successful, fully adhering to governance. They've had years of experience in the corporate world, their records arethere for all to see, clean & successful. If this was not the case they would not be continually employed on further boards.
Ian Muttons expertise is on startup companies. He is not running for parliament. As per some flippant sayers.
When it’s said by some to just hit google & you’ll find everything is reserved for novice researchers. Have to read more than 1 article & go beyond page 1 of a google search.

Steven Xu was appointed by the board, he is in alliance to the board as a whole, he’s not happy that this situation has occurred, for his investment he just wants THC to continue their current growth trajectory. Does anybody think he would have come & invested millions back in mid 2017?

This revenge fuelled EGM is costing massive time & money to THC, not only are management’s time distracted away from progressing THC in every way they can. Radford CEO has to settle & apologise to the many major stakeholders that the company is being disrupted in this way. But aslong as somebodies conscience is better for this, I guess it’s all worth it!!

The mention of 1^st class flights is another fallacy, there was a business class trip recently as was required, but otherwise it’s cattle class all the way. Flight details was something the prior chairman never had to worry about, hence lack of anns in the tenure.

On the other hand for AB to complain about salary when he himself had a salary of $300k of a company he was a major shareholder just 10years ago failed within 10 months. Maybe some lack of corporate governance going on back then. Some prefer to research with one eye closed.

AB has his hands full in 20 companies / entities at the moment, no other current board member even comes close to this. No wonder THC was going downhill from IPO for the 6 months, no time to create growth for the company, interests elsewhere.

AB had known Radford & Mutton for years as business associates, he hand picked his board, he chose Mutton, obviously chose quality board. 6 months after IPO, THC going nowhere due to his busy schedule & whatever other reasons. The board then made the responsible decision to make a change, 4 months later the direction of THC quite clear & SP indicates as much. The obvious reasoning for the childish revenge EGM tactic.

To vote AB back in charge on basis he’s a banker is laughable, I’d prefer having the best man/women for the job regardless of profession. Will all bankers run companies & act as chairman’s more successfully than lawyers?
The goal of THC growing cannabis in their own facility is of utmost importance, Beasley not once visited the Bundaberg facility & had THC star cannabis strain expert of 30years experience John Hall sitting in the board room. Thankfully that changed in the October 2017 shuffle. The growing facility received rejuvenated love & is nearing completion. With plans for expansion in time.
Beasley back would also put an end to the $20M acquisition which handled by Radford CEO will put THC where no other Aus MC is at, generating decent revenue immediately from strong Canadian industry.
Proven NAC clinics to educate patients & physicians & bring the eventual THC MC products to market would be lost.
THC aiming to be serious leader in MC space in Aus with highest quality product, not a run of the mill token company.
So where would THC be in 6months if Beasley is returned……..September 2017, not 2018, no growth prospects, no interest in growing facility & languishing SP.

It’s not so bad to fail at times, we all do, but to not take it gracefully & act in revenge at a cost to 4499 other SH’s is just poor form.

Fortunately we have a board & more than cable CEO that is willing to change with the times of current climate of the sector.
Proven, flexible & pro-active board & CEO occupying THC offices today.

Let the growth continue.

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Thank you, great post.
My children don't like the share market but all want to buy cannabis shares that's why I put all my savings to this company.
I do not have reserch capability like you have,please put everything to board positive or negative does not matter people can make up their own mind.
Please keep up the good work.

THC Price at posting: 72.5¢ Sentiment: Hold Disclosure: Held
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