And don't forget that it was not so long ago that both the...

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buddy134

23,467 Posts.

110

19/07/18

09:12

Post #: 34439115
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Originally posted by SteveTheMet ↑

Well its odd.

I miust say DYOR before I start this. As it is purely opinion and my understanding on timeline of this catastrophe from key points only...

WM appoints PH as Managing Director. Sahreprice dives from $10 to tradeing halt at 80c~~
WM gets fired.
PH gets fired. DC Appointed Managing Director.
PH gets appointed CotB.
DC forced to resign as Managing Director by PH?
PH appoints MG as GM. Shareprice drops to ~30c?
JG appointed CEO.
JS appointed GM-Processing. Price rises to ~40/50c
JS resigns for legitimate personal reasons. Price drops to ~25c
MG resigns during trading halt.
Directors resign during trading halt. Multiple managers/SSE's resign due to Board influence over operations making the managers seem incompetent. As per MRE issued June/July.
CEO resigns during trading halt.
MG appointed "Special Corporate Consultant" to assist appointment of a position higher than he has ever held.
New SSE/GM appointed with seeming ties to PH and previous management.

Have I missed anything? :| It really does not look like it has anywhere to go but down and forced into a private owner who is cashed up to buy out shares at 50c on the dollar?

I am watching this with morbid fascination as I am sure others are.

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And don't forget that it was not so long ago that both the Chairman and the CEO were forced to face the music somewhere.

Expect the Unexpected, so we were told.

CDU Price at posting: 23.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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And don't forget that it was not so long ago that both the...

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