Ann: Change of Company Secretary, page-12

Dear oh dear. I know that hope springs eternal and I am a great believer in having hope but I am also a believer in being realistic. How on earth anybody can say that the change of company secretary is going to be the solution to VIC's woes is being unrealistic.

After all it would be a fair assumption that having Dr Ellingford at the helm would give people hope and confidence. After all he is an "expert" in corporate governance so you would expect a company with him in charge would be sailing pretty well. Why would a company secretary improve things?

I wonder whether those who are expressing hope and confidence now about the change have taken the trouble to take off their rose tinted spectacles and read both the Activities Report and the Cashflow report realistically.
Despite the positive spin put on things it is still the same leopard and you can tell that by reading between the lines. The BOD is desperate to survive and retain their cashflow. That is their hope. IMHO