Yes -- it has been an unmitigated disaster to say the least. I suspect he did not resign -- he was sacked and it should have happened 12- 18 months ago and maybe , just maybe , the company would not have reached this point of destruction.
A small tick to the Board for having finally bitten the bullet, however their nonchalant management over the last couple of years also needs to come under close scrutiny if this company is to recover and begin to make profits.
The EMC purchase and proposed sale is a disaster in my view, and the proposed changes to the terms of sale is still unsatisfactory.
Nevertheless partial change to Management is a welcome first step and there are many other changes to the business plan for this company to prosper.
CCE Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
