My guess is that the CEO must have done something unethical like insider trading, and been booted for misconduct. Otherwise either he or the board are required to give 12 months notice. The only contractual stipulation for a no notice period is due to "misconduct".
You might presume it is due to missing previous guidance but the CEO would surely state that a lot of that was due to actions taken before he became CEO, and being asked to leave is a very bad look for his CV and future prospects, so I can't imagine he would have left easily.
My guess is that the CEO must have done something unethical like...
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Last
26.5¢ |
Change
0.015(6.00%) |
Mkt cap ! $13.28M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 29.0¢ | 23.5¢ | $28.94K | 116.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23079 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 5500 | 1 |
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| Last trade - 11.52am 04/12/2024 (20 minute delay) ? |
| CDD (ASX) Chart |
