Hi cping,I understand your instinct to leap to his defense. I...

Hi cping,

I understand your instinct to leap to his defense. I suspect it is the long list of delusional claims and subsequent deflections that the long-term holders are calling out. For example, below is an extract from FY2016 annual report;



From the very start his past experience was either completely useless in assessing the requirements of this business model or he knowingly targeted the PLP Board and gullible retail shareholders. Impossible to know but it’s a long history of boy crying wolf again and again. Some shareholders are clearly concerned that it might morph into “the Emperors new clothes”.

The desire of some shareholders to be hero worshipers has probably contributed to how long this Board supported the MD’s hubris.

Now some humble pie is on the menu let’s hope it’s not too late. Complex finance is a tricky job and takes time… but the poor track record and style of comms is giving some shareholders cause for concern. Those concerns may be premature as you say, but it seems to me they are not without reason.

Not downramping but also not glossing over the details right in front of our faces.

Go the slow ‘pus

AM74