Hi barney, It looks as if the NWE board of directors will each have to pay a massive sum of CGT. Which I would think, that they would not have expected to pay.
This will surely leave a sour taste in their mouths. Additionally, imo their reputations will be ruined. How can you put a price on that? Ethics have gone straight out of the window. I assume that they are still taking their salaries, which is wrong as they appear to have virtually gone awol.
Are/have they acted in the best interests of their shareholders??? Unlike many other questionable situations on the ASX, I think that this has had such a great deal of publicity that they may very well be called to face the music.
I doubt they are sleeping well at night.
NWE Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
