Capital Raising, page-148

I actually think all the people who stuffed up are well and truly gone. The departure of Renshawe was a pretty telling sign that things were in a mess and the board wanted the company to go in a different direction. The guys who are in charge now (including Wankmuller) are the ones who inherited the mess of aquisitions that were never bedded down and integrated and in some cases should never have been bought.

Have no idea how it is going to go, but it still has some good segments and a few years could see a recovery. I am making a huge loss on this - an average of a bit over $2, so just hanging on to see what happens in the next year. I noticed some big ads in the Canberra newspaper recently for staff for some contract Cardo had been given by DFAT/overseas aid related.