I am not opposed to the consolidation or re-branding as this demonstrates the board is endeavouring to shake off its past disasters, however the good ship Ord has simply been painted with a new name and HMS Vango has the same captain who, I believe, will again steer it straight into the next iceberg. How can we honestly have any confidence otherwise? How about we give Frank until the end of February and if the share consolidation has achieved nothing more than given shareholders more room to drive the price South, then we request that the Board terminates FZs employment? I am prepared to write to Bruce McInnes expressing no confidence and encouraging Bruce and the other director to make the tough decision as it will be in the best interests of Vango and us, the shareholders. My letter alone will not be sufficient.
VAN Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held