Condolences to the Griffith family. Mr. G. Griffith was an asset to 3dp and it's future. Looking at how this may effect the SP, there are several analyses done. On eof the ones I read was mostly about CEO's and of large MCap companies. It showed that on average an increase of 9% however morbid that may seem.
This is actually the 2nd BOD member to unexpectedly pass on one my 8 ASX stocks that I presently hold in the last 6 months. I personally don't see this as being too detrimental to 3dp in the long run and would imagine Mr. Griffiths idea's and potential for 3dp to have been voiced and remain in place. As sad as this situation is.
Looking over at Botanix who made an Annoucement officially of Mr. Griffith's passing, don't know if anyone else had noticed, their SP continue to rise Friday.
On a lighter note, should the SP of 3dp take a small drop, I had my wife cut my hair for the 1st time (did a great job), saving me $15 for the hair $2 for my eyebrows and a $3 tip all USD. ( if I didn't do the eyebrows, my wife says I could probably work towards a good Brezhnev impersonation). So $20 USD savings every 2 months, is $$120 a year. I think I have at least 20 years left. So $2400 USD or $3360 AUD future savings I can allow myself to invest in 3dp should the SP drop below $0.04. Nice little top up.
Again condolences and best wishes to the Griffth family. Chins up everyone.
3DP Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
