It's anyones guess mate. People may not have any brighter career path somewhere and jump ship, or they could be a rockstar looking for a small ship to command to the stars. The thing is you don't know.
Why do you think big ceos of big 4 banks are usually horizontal movements from large, well respected organisations? Because quite often rockstars continue on in big, well padded roles that they can command.
If one came out to run their own gig sure. But it is just as easy to put on the non rosy glasses and wonder why he had to jump from the likes of intel to a smaller ship, why couldn't he command a new job at the head of another large multinational?
I wouldn't know...
That's why what matters is what deals and gigs he seals at the end of the day. Seeing the share price gain 20 m market cap on the back of just an appointment is not exactly reassuring when they havent materially updated on anything operational wise in the latest co update.
We've got performance rights, a new 500k aud salary packet to pay and revenue from jct of 1.5m. Do you notice that revenue is given but never any estimates of net profit? Even if unaudited or an estimate.
The worse is john resigns after lisa leaves, a cryptic tweet and a large sell down. For a company on the cusp of breaking into 20 cents does seem at odds for john to not ride the wave up and enjoy the perks of what he's worked alongside.
No other explanations of his sudden resignation? Plonked in after performance details and a new corporate advisers on the performance payrolls ( of which market cap is a benchmark not tangible revenue or profit?). Did john coincidentally resign only during this trading halt? Otheewise why tender his resignation during this period. If it was known earlier he should have been notified to the market immediately.
Frankly worries me. I could be wrong but again can't take any chances with these smaller end of town companies.
XPE Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held
