Now that I have thought more about this unexpected situation, the more comfortable I am with the whole scenario.
It would have been unfair for MF to have lost his D appointment. That was the deal when he came ie have a nominee on the Board. So, he keeps it. Let's see who he nominates! He does have a substantial holding too, so even without the initial deal, he would be justified in having someone on the Board imo.
One would hope that all members will be cordial and civil. We truly want a functioning Board where everyone has a say and is involved. I expect that all interested parties have the welfare of the company at heart so as to regrow their individual and collective investments, so I reckon that they will pull together in order to achieve that; good for them, and good for us.
As I have said many a time: out of bad things good things can come. This might be a shining example. Let's hope so!!
Many years ago I was on the committee of the local horseracing club. The Secretary and I were not getting on. One night, we were having a drink in a local pub (after a meeting I think) and we became frank with each other - not nasty, just expressing our inner thoughts - and lo and behold we sorted out our differences. As usual there were misunderstandings that kept us apart. We then became good friends. That probably won't happen here, but the confrontation might just have cleared the air somewhat.
I'm now back to a 'buy' sentiment.
AUR Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
