Ann: Appointment of Non Executive Director-GBP.AX, page-4

Yep I hear you. One of the cheapest specs on the ASX. The only problem is that they have been that way for a long time...and that cash keeps getting lower, along with the share price. I own them as I couldn't go past the value, but I shouldn't really out of principal. Times are tough...but they still manage to spend over $500k per quarter...just about all on administration.....down from $1m per quarter total spend. They put in cost saving initiative which involved the directors taking shares as part of their over-inflated salaries, so that now the only announcements GBP make are 'Change of Directors Interest'!!!

And they own about 40% or so of the stock so can't see a shake up ever happening?????