Thinking brutally, it seems as though the remaining board have acted in shareholder interest after it has become apparent that the EMC aquisition has not worked and in its current form could jeopardise Ceto development. I'm in this company for Ceto and I think many others are too, including MO. Althouth I dont like his shiny new teeth and rapid weight loss, I dont beleive he wants his legacy to be that of a failed wave energy pioneer or questionable CEO. I beleive he has managed to put distance between Ceto and those that are now redundant and have not served us well. A wise move. Who knows, Mpower does look likely to turn a buck now. It pains me but JR may have had our interests at heart and may well have been burnt himself before. It is a high risk game and there are some unsrcupulous players out there. Sticking with Ceto but it needs more than one cheap computer modelling engineer to get it done. Good luck all, I know we must all be a bit stressed.
CCE Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
