IMO the current Board are there to take as much capital from the market and feed themselves, and Mr Malone's had enough of stuffing their pockets at his expense.
Dump this self interested Board for one that will act moreso in shareholder interests.
Mr Gloss and the other panel beaters are the cash cow in the group of companies. With Ray being the MD of the panel beaters, surely their performance can be traced back to his competence.
With the group of companies not performing at anywhere the significant levels that Mr Gloss are, this can be squarely traced back to the failure of the Board in performing an appropriate due diligence on purchases, or not squeezing and pushing their businesses hard enough to make a buck.
Go Ray
AMA Price at posting:
4.3¢ Sentiment: None Disclosure: Not Held
