Clearly, the situation was much worse than what shareholders were informed especially when you listen to what was presented at the November AGM. As usual, no accountability, no responsibility and no consequences for the destruction in shareholder value to anyone...
I’m curious now if Brad was fired or whether he decided to jump ship because of how bad things were. Will be interesting to see what he does with his relatively large shareholding and whether he chooses to participate in the upcoming rights issue.
ELK Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held