"We will, through the practice of our core values, lead from the front to ensure that we are both inspirational to our customers and aspirational in our goal of enhancing shareholder value." Chairman John Lee ([email protected])
Portlan Orthopedic was placed in administration on 3 December 2008. Two days later Receivers & Mangers were appointed.
Only a good week earlier that Chairman had this to say to shareholders: http://www.asx.com.au/asxpdf/20081127/pdf/31dvxb78xvfkdk.pdf
A company graveyard expert not needed on the board of Progen/AVX or on the Moses/Coutts alternative coup group board. It appears that Moses/Coutts do not recognise that the ‘use by date’ for this person has expired. How good is their judgment ?
PGL Price at posting:
70.5¢ Sentiment: None Disclosure: Held