while a tragedy and feel for them, it shouldnt govern our decision of how we handle this.
its been 2 years of baby crawling to what was already a half developed project... they bought it as a mine! the concern with appointing another director is another mouth to feed and are they likely to just be assimilated into current practice once those juicy free shares start getting handed out. moreover, as a result of proxies and removal of one member will just be DOA.
the only way out is to accept more half arsery or spill. the spill will appoint the company auditor as interim board and we can get fresh blood to drive this .... id say home... maybe lets get it out of the driveway first is more appropriate.
@surat if you can talk to them i would suggest you do so sooner than two weeks as i dont think this lot have what it takes and i hovered over the sell button today... not seriously, more like looking over the edge of a cliff... but god its getting close to a jump. 2 and half years of rubbish delivery and you think 2 weeks will disband the boys club money train.
you cant rationalise with tiger sharks and these guys are millionaires bleeding us for fun it would seem
ANW Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held