pesa makes sense, page-34

What sort of shareholders are in this?

The answer is...

... The sort of shareholders who prefer to accept the unanimous vote of the other board members (including one with a very significant shareholding) that selling down Echuca for a sum (undisclosed) with 10% options of the total shareholding of NXS being given away plus a potential liability of $99mil is not in the best interests of all shareholders, and who do not place their blind trust in a single individual (regardless of past performance) when those backing him and their motivations are hidden and who abruptly pulled out of his responsibilities when he should have stayed and tried to guide the company to a better solution, and whose actions caused heavy losses to many shareholders in the panic selling that followed, and who instigated and oversaw a capital raising at .40c causing losses to many shareholders who took part when the sp dropped substantially within a short time after...

...out of breath! Is that enough?

While the last item mentioned was not really RC's fault and the company got the money which was good, he was still in charge when a lot of shareholder value was lost due to market perceptions and the various manipulations of large players in the market.