You're right, in fact every annual report DYE's ever released contains 90% fiction. So many projects which are supposed to deliver amazing profits, only to be never heard from again (Stealthcell, SureVolt, the "auto project"...) Nothing has come out of the Timo JV either, and sales in China, Japan, Thailand, Taiwan, Germany etc were all announced during the last 4 years all did not materialise.
Dick does need to go. He does not seem to understand that over-optimistic press releases do not make a company profitable. In fact, he should take the rest of the board with him. If we had some truly competent people then DYE might still go somewhere, but all it is these days is a vehicle for incompetent and venal management to suck it dry.
It is only an assumption but I think Nicola Young (the "blonde girly director") resigned because of the Springtree/Bergen arrangement - seeing as they'd recruited her to focus on funding arrangements.
This is turning out to be my worst investment ever - and the sad thing is DSC has so much potential, but it will never go to market with this bunch of fools at the helm.
You're right, in fact every annual report DYE's ever released...
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