management speak

Don't you just love 'Management speak'?
The memo (8/8/2012) from PBD's CEO and ED, regarding Peter Brown resigning from the Board of PBD gave the following rationale for his move:-
"--the decision to step down is part of a wider rationalisation of Mr Brown's many external appointments in both listed and unlisted companies in which FKP is an investor".
Reports today (See Hot Copper,FKP) in fact indicate that Mr Brown is resigning from FKP, and may have been pressured by major shareholders to do so because of the continuing poor performance of that company and its share price.(Last year Mr Brown took a $2.3M salary, which included a $675,000 bonus, at a time when the company's shares were under performing). Outrageous!
For those who still think that FKP may invest further in PBD,I suggest that further research into the company, including its own announcements, will cast doubt on that probability.The Hot Copper comments also make interesting reading.
Back to PBD and Point Grey. I understand that the Commonwealth wanted a further 2 months (end Sept.)to consider the Marina and Channel proposal.
In regards to Oceanique, I also understand that one of the eight specially priced, and heavily marketed units did sell, whilst there is a contract on at least one other non-discounted unit.