its all happening, losers abound

the company secretary who had been there for 17 years got pushed. he was hopeless anyway, all he did was fill out forms and get paid a pretty penny for a company that had been heading south for 8 years.

Whilst it was clear this business sucked in a major way with no management to steer it clear and suppliers holding off giving them stock because they doubted ability to pay (fact confirmed by Melbourne store staff), I thought the Clear purchase gave it some credability (or at least a lifeline).

Most likely, new boy Vaz (with a terrible corproate history ) has got a scam up his sleeve that will see Clear buy out the company for a pittance. Better than gonig broke though.

A MASSIVE question remains though...why did Poole exercise options at 5 cents when he knew he was goingg to resign, the share price was closer to 2 cents and he knew they were broke. A proper explanation is required ASAP!

Let's see what happens next week.

I wonder if Khoury still holds his shares as he was in the Top 20 last year. From web searches he doesn't appear to be a fellow that would enjoy getting screwed over.