This IPO was a huge litmus test of general mangement. I agree that the Mc Neils should learn something from this, but will they?
It's been a bad business model with reults in limbo, crap potential for exploration in Tasmania generally, and managements inability to round up investor money for a smallish IPO. That last point may be largely due to the biggest lesson the Mc Neils should learn from this failure and that is the market, especially FNT holders have had enough of the rampant nepotism in the McNeils family.
We FNT holders are paying Peter a very nice salary and we are indirectly now also propping up Paiges salary and Bob has already cost us a bomb. Bob should go!
This IPO was a huge litmus test of general mangement. I agree...
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