What benefit do people recently posting a range of information and criticism think this is having to the company, the market sentiment about the business and shareholders by going about it in such a manner?
Whether you are an advocate of Jack and or Peta or not and believe that by them returning to the business in some way can be of benefit to the group, by going on about it the way you are is doing nothing to assist the business in moving forward and re-gaining shareholder support. The only thing you are doing is adding to the instability in the business and share price.
If you are so adamant that you want to see change, get in contact with the CEO and Board members and make our concerns known, ask the questions you want answered. Simply regurgitating what you are hearing from ex employees online, is not the way to go about it.
So does removing potentially two Board members solve all our problems? or does it add to further instability in the business? What do the US Board members choose to do if such a scenario plays out? Does returning an ex employee to a Board position enable change in the business or create further instability? If Peta chose to leave the business based on a range of concerns (which Iam sure were quite valid), how does one vote (or potentially two) at a Board level see the change that she is looking for?
It's not her decision as to whether she returns to the business at an operational level, it's the CEO and the majority of the Board that make that decision, people are seeming to forget that.
When the information around the 249D is released to all shareholders, everyone will have the ability to consider and make a decision that they feel is appropriate, until then to throw rocks from the sidelines is of benefit to no one and especially yourself being a shareholder.
Was I happy with the sudden removal with limited information, no I wasn't. However as a shareholder that has owned stock when Kris was leading the business, whilst I acknowledge and thank Jack for a number of milestones that were delivered, it also came at a cost and to the detriment of the value of every shareholder's position as the share price had lost 50% of value prior to Jack being removed. I think the business can benefit from a new CEO with strong credentials installed to take the business forward and deliver on realistic milestones, treat all investors with a level of respect and engage with the domestic brokers with a view to opening up a relationships to further advance the MEB story to a new investor base. This is critical IMO if we are to regain any support on market. To simply rely on existing shareholders to continue to do the heavy lifting won't cut it.
There is no doubt a differing of opinions between shareholders as to the way forward for the business. However please keep in mind that as shareholders, we are in this together, we all have a vested interest in seeing the business get back on track and the share price recover. If you have concerns with the business, how it's being managed, take it up directly with certain key people in the business, ask for responses in writing, it holds them accountable.
Why not try and be proactive and help the business, are you happy (with the limited information given at present) with the current Board members being proposed? If not, are there other potential candidates that would be worth of consideration and that can add value to the business? Are there suggestions that you can make at an operational level that you believe would assist the business moving forward?
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