https://www.energynewsbulletin.net/m-a/news/1352181/carnegie-emc-sale-falls-over
https://www.businessnews.com.au/article/EMC-deal-falls-through-for-Carnegie
Quote " But he said the company planned to turnaround its financial performance by focusing on its core business of wave energy."
Like seriously it isn't a business - It's a research project or charity unless they can put up some data to show it is viable.
CEO quote " "Our shareholders probably felt like everything was going swimmingly and clearly it wasn't, we were having trouble with the EMC part of the business, and they felt like that was perhaps a surprise to them when we revealed the extent of that issue."
So that is as good as admitting that shareholders were not fully informed????!!!!!!!
There was warning bells before with previous CEO and lack of relevant info but hey are ringing louder if the above is a real valid quote in context displaying a lack of business acumen and maturity IMO even if it is honest. .
