Why would Martin Carolan, an executive director of Foster Stockbroking and the broker to GEV (and previously to LNG when it hit its stratospheric heights), leave his position and take a pay cut to join GEV?
He has a big chunk of stock and would’ve well and truly done his DD before making this move. That he was willing to make this move speaks volumes for the future of GEV, IMHO.
As a former broker at one of the better broking houses in this country, MC should be very well connected and know exactly what brokers and investors want to see in a company.
So it looks like from now on it’s going to be the MB and MC show at GEV. At least we don't need a new MD.
GEV Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held