"MF deserves some credit where credit is due. To achieve what's he's done during a pandemic and global disruptions of supplies is exemplary"
I have given Mark plenty of credit where/when it was due. The company has a single product in a fast growing market segment with demonstrated consumer demand. The company also has relationships with top-tier distributors, again validating the quality of and demand for the product. It takes a lot of work to identify a new market opportunity, design and manufacture a new product and get that product to market.
These are the things I have previously recognised as being great achievements. How much of that credit is due to Mark alone isn't at all clear.
From my observations of this company and its people, as well as discussions with people connected to the company and other shareholders, I suspect it is a hell of a lot less than Mark would like shareholders to believe.
As I wrote, you just need to look at his governance record, his cumulative remuneration drawdown, the slow pace of innovation compared to peers, the declining quality of disclosure, the absence of accountability, and the almost complete lack of visibility he gives to the remainder of his team largely due to the revolving door that spits out talent and corporate knowledge as fast as he is able to attract it.
These issues are real and persistent. You only need to open your eyes or take off your goggles to see them.
