sekoko?s tebeila resigns from firestone board , page-3

Bit hard to secede; very tightly interwoven with all the shares etc. I think it just prevents Timmy from ruling too autonomously.. it is supposed to be a publicly listed company after all...

Listing is great for raising funds, (and to partly sell off your assets) but it also requires that the those JV partners or PLC rulers understand that they are no longer 'king', and that governance is shared. Some struggle to let go of the reins.

Timmy wont be thrilled ATM, with Sekoko doing most of the ground work I suspect he might even justly feel entitled to more say, but at some point he knows he will have to press on with Sekoko's part IMO.. else Sekoko's holdings in FSE will be worth nothing.

CT