The Australian was referring to what Mr Scott said at the meeting.....he certainly did not give this impression, as presented by the selective cut and paste, in the previous post.....or for that matter even the full story from the Australian.
Rather I think, in the context that the company lost $1.3 billion market cap in one day, which was ..."really, really bad"....on the contary, it was a positive tone from Mr Scott which drew the applause and subsequent accolation.
------------------------------------------------- From the Australian
"The only applause was for former S8 travel and tourism business managing director Chris Scott, one of three rebel shareholders who had forced their way on to the MFS board. Mr Scott, 60, received an 8.4 per cent MFS shareholding from his 2006 sale of the S8 business to MFS.
Now living in Singapore where he had hoped to retire, Mr Scott said his life had been "buggered" by the MFS collapse.
But Mr Scott urged investors not to dwell on the past, because doing so would have driven him to suicide. He said the MFS position was "really, really bad" and he could make no guarantees to investors.
But he said if MFS did go under, it would not be due to a lack of effort on his part."
MFS Price at posting:
0.0¢ Sentiment: None Disclosure: Held
