i'll cross my fingers and hope that the chocolate unicorns...

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DaBull007

1,447 Posts.

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05/01/18

12:50

Post #: 30069236
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Originally posted by jake0002 ↑

Wow - things are moving in quick time.
Only time and results will tell if this renewal has worked.

This is the Board changes as I can fathom. Happy to be corrected.

View attachment 906692

what seems clear is:
- board and mgt changes were as a result of material downgrade of Revenue Guidance
- S249D appearance caused Board renewal
- not clear to me if Patricia Fields is still an Executive on Yowie payroll? I think not, as comment Chair refers to consultancy arrangements
- good news that Pat Fields and T Allen will assist on a consultancy basis if needed.
- seems clear that Board appointments are not yet finished. Refers to "board renewal process is well progressed" - so not finalised and infers more to come?

So maybe salaries of Fields and Bert saved, and share issues to those members are finished?

We now have a complete break with legacy mgt and board.
We now have a Financial study underway, which will highlight issues in financial reporting.
We still have mktg experience in Cove Overly.
So we still have continuity of operational mgt.

Now, as before, we still need to see revenue growth - but more importantly cost reductions and then cashflow positivity.
I reckon we will now see cashflow positive sooner now.

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i'll cross my fingers and hope that the chocolate unicorns deliver a 27cent takeover offer before Easter.

#hophop

YOW Price at posting: 17.0¢ Sentiment: None Disclosure: Not Held
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i'll cross my fingers and hope that the chocolate unicorns...

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