yeh got to admit. I firmly think he believed in the business. No more example of this then his purchase of 100,000 share at $1. Almost all the money he made as CEO. He made statements like im just here to turn it around. I expect that to take two years.
I think he thought this was his opportunity to show it was a bad move overlooking him for the CEO position at leightons.
But at the end of the day he had 23mil of account fraud under his watch and if he didn't find it hes to blame.
The fact that they found 3 mil and didn't go further is his fault. Im guessing he didn't have enough experience dealing with companies who are hiding things.
HST Price at posting:
16.0¢ Sentiment: Sell Disclosure: Held