goarmyWhy would keeping JL as CEO be positive for MUN? He has...

goarmy

Why would keeping JL as CEO be positive for MUN? He has consistently shown he cannot run this operation successfully.

I am not convinced that the replacement is the best option, but he seemed OK when I spoke with him 6 months ago.

I think JL is steping down so that he can sell his 10.5m shares at some stage without having to report the sales (he will no longer be a significant shareholder with 5% plus intererst or director). As he is likely to remain a top 20 shareholder for some time we will only know if he has sold when checking the top 20 list.

MUN is now a very small punt for me.

Lets see if the new CEO can deliver.

loki