The track record of Stewart and Collins over last 12 months indicates they are aligned with the other directors and Chair Milne. Both seem mainly interested in the technology. So I don’t have confidence in either of them as business managers. We need to recruit a dynamic leader with their remuneration tied to the share price on business sale or future success if takeover rejected.
Collins is good at technology presentations, however he has so far been unable to convince TierOne companies of the superiority of these technical solutions. The cost of this failure will be paid for by shareholders and NTC staff.
NTC Price at posting:
$1.08 Sentiment: Hold Disclosure: Held