What concerns me is that this company is not back on the boards and it seems, from my discussion with one of the directors driving this, that the focus is on doing 'things' that will have no effect whatsoever on getting it back up again - they seem to be more interested in the platform that they dont own and annoying the creditors! In the meanwhile the Texas team apparently are more than disgruntled, what is the plan if they go walkabout??
The current Borad movements and plan smacks of an unhappy major shareholder who is behind the scenes looking for an outcome. All the shareholders want and need to see is action, not backslapping, big words and self congratulations. Retain the people in Texas at all cost, they are one of the keys, pay the bills, and get the assets locked in before starting on any grandiose ideas or finger pointing.
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.