Hmm yes it is a bit! Tavener also serves on Medical Therapies Limited & Bluglass Limited, and who knows what else he is doing really? I know bluglass is a bit of a hottie at the moment, and maybe he wants a bit of a change.
Also you have to see what they've gained during this time period ie Gunter Pauli, IMO he's worth a lot more than today's loss, and there's restoration group that comes with it. Mr Tavener can be replaced, perhaps with someone with a better management style that suits the company.
I'm just saying that this news does not necessarily mean a loss of confidence in the company. Let's see if he sells his shares....
ANN: Dr Taverner resigned because his overall commitment load was decreasing his ability to fully dedicate himself to serving the board and shareholders.
“Mike has been an excellent director and we have greatly appreciated his contributions during his three years of service”, said John Keniry, chairman of Biosignal. The company expects to soon announce a new non-executive director."
So he's over-committed then? Can't read too much into this yeah? I don't see why this should greatly affect the company. The story is still there.
BOS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held