Who knows how much support he has? Certainly not much on the HC...

Who knows how much support he has?

Certainly not much on the HC forums but thats a pretty small sample. Presumably the practice partners have a lot of skin in the game. Some have spoken out against him, but others may have been pretty happy to have had the chance to offload their otherwise hard to sell practices and have some loyalty to him - presumably they all believed in him at some stage.

Also, I don't know if larger investors have some hard and fast rule they like to follow in board spills like this. Often larger investors use a blanket general rule to govern their decisions based past on an analysis of the hundreds of companies that have had similar trigger events, rather than try to rationalise the circumstances of each event in each different company which they cannot entirely appreciated from the ASX published documents.

For example (figures made up) they may have a done an analysis where a company loses >50% of its value after IPO and there is a board spill, where the board is replaced the company recovers 30% of the time and where the same board is left to finish the mess they started the company recovers 50% of the time. Then use that rule to dictate their vote rather than conducting a comprehensive review.