master stroke

Very clever scare tactic by the board .

It seems to me that the chair has been Privy to the vote count so far , and recognizes that unless a master stroke is pulled out of the fire he is going down

Amazing that he can forecast $61m in savings so adamantly now to save his hide , yet at broker meetings and the AGM the focus was on the losses .

Hip hip hooray to the board for throwing dirt at a shareholder group that has invested upwards of $5m , to get to 10% holding , while this board just takes takes takes in respect to shareholdings .

If this board can save $61m just like that , why has it taken so long to bring it on .....

I hope Mr price who has been in paper distribution all his life wins over a chair who has only overseen losses and comes from another industry .

Poor form Harry , to criticize a self made success in an industry that is tough , especially one that owns 10000 times your own holding is a cheap shot .

If Mr price does lose , the worst outcome is that at least there is now a focus on this board to deliver profit , and quickly as they better be super confident not to accept this assistance , and immediately tell the private equity firm to nick off

If the $61m savings was to come , that's about $40m per annum profit .

What would the shares be worth at this level of profit in 18 months if the boon board could make this estimate occur , and what is the likelihood of that happening ??

Would the board buy shares ?

On the other front what would Mr price do ....in my opinion he would do what his resume suggests, and that is make a profit in the sale and distribution of paper ...., and IMO the share price would be far higher in both the ST and long term