The first real news here is Ben Herbert stepping down, not just Graham Vesey (CEO -> CSO) focussing on his strengths, i.e. research, development, patents and product development. For a long time BH has been a liability in terms of communication, corporate image and professionalism etiquette.
The second piece of good news is re-focussing John Martin's role (Chairman -> CEO) in order to make him accountable for the commercialisation outcomes (sales, market share) and the SP (shareholders' ultimate expectation).
This re-shuffle is a good start. Next, we need to see a significant decrease in cash burn rate AND much much better communication.
RGS Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
