Bit late to the party on this but the guy's name was John Hebenton and he was CEO. He got 'restructured' out of LCY in September 2012. From memory a poster on HC called the guy and spoke to him in an attempt to calm the jitters that were permeating this board as a result of the announcement. Hebenton (naturally) assured the investor that all was amicable and the company was on a solid footing and that he wouldn't be selling out any time soon.
So easy to read the signs in hindsight. What that really meant was run for the hills and never look back. Oh and slam the till on her fingers on your way out.
LCY Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
