Ann: Resignation of CEO & Managing Director, page-6

I quoted
'has tendered his resignation and will be departing the company following
a period of leave.'
'We wish him well as he embarks on the next stage of his career.”

It sounded more to me like Mal got sacked or don't know how to answer his report on this upcoming November annual meeting thingie.

If my situation is reflecting to most of other shareholders 'portfolio (down by 35%) since the price ranged at around $5.xx or (down by 50%) if the price at its peak of $6.xx. His resignation is valid in my view as any investors would jump overliaded either to sell it to stop further loss or to take control of the board to save whatever
remaining of the zoo.

I think that is what the Chairman was thinking after the drop of around $200 millions in his empire. He witnessed it went IPO, rise to its peak and then for the last 2-3 years only to see it bleed back to its infancy stage price.

I read the replies, although different opinions but many thumbs up that Mal's quitting would be a nice idea.

Imo, it sounded like a disaster just like Myer, such that the board is searching domestic and international for another John King's to stop its price from further falling and to regain the weaker price recovery (around $4.xx ranged hopefully)

I was thinking that those acquisitions couldn't get in any more worst timing when there is a trading war and emerging markets fear happened around the globe.

I could be wrong here so don't take it serious, but in my opinion, the managing director board for the last 2 years just doing the same news publishing routine that every one can guess what's going on. For example, if you entered at this time of the year, just after the dividend date, ypu will see shares released from voluntary escrow, then price recover a bit on this upcoming annual meeting, and a plan for acquisition and quarterly report, then in feb, you will see another quarterly report, and in April, you will see some Director's buying in, and it stalled to August to and then triggered another 20% sell-off due to the company's history bad sell-off that's in everyone's norm. This is very lame and on top of it, the company is facing a lot of critics from the Motley Fools publishing.

And then, i am guessing day traders and instos used to bounce with the 10 cents rule of daily trading and not according to the company, but to the global financial news which can easily be reading for free at 8-8:30 am weekdays on Sydney morning Herald sun, then they controlled and drove the price either up or down within 10 cents rule. To add in my support, for the past year, the F score of the company was around 4 out of 7 or 8, which indicated the stock price was highly manipulated.

I hope for a better future of this company and for god sake of everyone's portfolio standing so hope this will be a change for good than sticking with that crappy 2 years norm and past history. Again, I could be wrong too so I do care for you all opinions so I can learnt and make decisions from it.
Cheers