I know Mark Richardson personally and have had some dealings with him (although have never done business with him directly). From what I know, he was a good operator and successful in his business career, so I don't think it's fair to allocate all the blame to him.
There would definitely have been a good reason that he thought that it was necessary to replace Jason with Greg Madigan, we can only speculate on what that would be.
The one thing that I do question is why he felt it was the right decision to pursue an IPO of Oliver's rather than a private equity transaction (since that's Mark's background). With the benefit of hindsight it would have been much better to pursue the roll-out plan outside the glare of public markets and then sought an IPO once it had been successfully executed.
I too think that the Oliver's offering is interesting and differentiated, but as I've said previously, there's a huge gap between just having a good offering and being a profitable and growing business with a rising SP.
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Mkt cap ! $4.848M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 281539 | 1.1¢ |
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Price($) | Vol. | No. |
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1.5¢ | 161623 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 281539 | 0.011 |
5 | 400099 | 0.010 |
3 | 557766 | 0.009 |
2 | 182523 | 0.008 |
1 | 200000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 161623 | 2 |
0.016 | 1200000 | 2 |
0.018 | 87567 | 2 |
0.019 | 269538 | 1 |
0.020 | 63602 | 2 |
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