@room10
I have stepped back and been following the chatter - as I have said before as there may be a re-entry point.
You seem intent on "bullying" out anyone with a negative comment on MEB and where it stands. That is understandable given your relationship to MEB (noting you have had dealings with the CEO already) but lets get back to facts.
1) The board remains responsible for the conduct of the company. That is basic vompany governance (see AICD or any similar organisation). e.g https://aicd.companydirectors.com.au/membership/the-boardroom-report/volume-16-issue-7/emerging-governance-issues-from-the-hayne-royal-commission
2) The new CEO stepped in to try and catch a falling knife, so I suspect he isnt the best CEO in the business. He needs time to prove himself, has some runs on the board in terms of previous work, but then again so did Jack, and he is being paid more than Jack !
3) Raising capital is no indication that a company will not go insolvent 3 weeks later - Have you heard of RCR Tomplinson ? In case you havent - see link https://www.abc.net.au/news/2018-12-03/rcr-tomlinson-administrators-reveal-debts-of-up-to-$630/10576754
4) Laurel and Hardy... perhaps that is Board and CEO - but the point is it wasnt just the previous CEO... it was the board who are primarily responsible and had ample opportunity to address any failings of the CEO. If he was overspending - they would have known that with monthly financials that are seen at every board meeting.
Lets keep it factual and allow everyone to post their thoughts.
