Managment, page-18

We all know the same related group from WA took control of RNL in late 2016, appointed their own board eventually put in Mr Hoffenburger who was then Chairman of OIL (appointed to OIL by the same WA group and apparently related to someone inside the WA group)
Mr Hoffenburger appointed another OIL Director to RNL, who then brought in a new CEO with no experience in a tech business, moved on the existing CEO who knew the tech business,
new Chairman then set about implementing the WA game plan driven by the same group who now control OIL through the board they put in inApril-May.
18 months later RNL was no more.
The WA group's only plan appears to be:-
Change the board members and get control at all cost,
Blame the last board & management for everything,
Appoint a Chairman who does not know the business or industry,
Change the CEO, but don't replace them,
Make the Chairman an Executive Chairman to save costs,
Cut the product offerings to 1 or a maximum of 2,
Make further key staff reductions,
Alienate the founder,
Announce operational savings,
Spend nothing on marketing or product development,
Reduce Sales Staff,
Make no sales,
After this model does not work, sack the Chairman (Mr Hoffenburger left both RNL and OIL) and remove the board,
if any funds are left, Repeat until funding runs out.
Then blame everyone else as to why the company has to close down.
RNL went from 0.015c to .003c in 18mths and has not traded since April 2018
OIL has gone from 11.5c in Jan 2018 to 4.5c today
Does this plan appear familiar to anyone else
Major Shareholders of both RNL and OIL are many of the same people
Are we on the same path, I sincerely hope not.

The noise is coming from inside the WA extended group who control OIL
most of whom sat back as their money evaporate on the demise of RNL.
There's genuine concern that 5 months of 100% control of OIL the same path is being trodden with OIL.