The BOD have been outmanoeuvred and have lost the tactical...

The BOD have been outmanoeuvred and have lost the tactical battle. At this juncture of company’s evolution, no company can afford to lose the top technical people.

My view is that chairman and at least two other directors will be gone by 6th Apr.

Reading between the lines some if not all signatories to 2nd requisition were not aware of the staff resignations. The 2nd resolution was lodged on 26th and announcement about resignations was released on 27th. The reason I think that chairman has lost the tactical battle is that he is already talking about a compromise. I am pretty sure that some from 2nd lot are asking the chairman what the hell is going on.

No one is stupid enough not to realise the importance of technical team at this critical time. This is the rudimentary tactical mistake the BOD has made and they will pay for it shortly.