What a dreadful comparison, there is no comparison between DB and NS.
When DB took over COMS the SP immediately jumped by over 50% and never looked back.
The PINN SP closed at 10.75p on 17th Feb and the appointment of NS was announced at 7am the next day. There was a brief rise based on sentiment but now reality has hit home and the SP is down by about 30%.
There is absolutely no comparison between these 2 CEO's.
PINN must be all over the place riddled with confusion as to how and why the share price is being ravaged by a suspicious market and valued at less than the Boards perception of value. Oh how the mighty and pompous have fallen since those heady days of 24p when everything looked so rosy and robust! It is unreal that a potential bid of 21p was rebuffed but I guess COMS are breathing a sigh of relief in not buying out this "failure" if the share price is anything to go by, after all, how long has it been since PINN issued a trading update ? Things look weak here
Mr. Nicholas Scallan is Chief Executive Officer, Director of Pinnacle Technology Group PLC. Prior to joining Pinnacle, Nicholas was most recently Director of Customer Solutions at Virgin Media Business. He spent nine years at Virgin Media, holding a number of commercial and operational roles including P&L management of the data products portfolio, customer engineering, and has overseen a number of organisational restructuring activities. Before Virgin Media, Nicholas was at Energis, responsible for broadband, data and internet related programmes. In The Netherlands he held the position of Networks Director for Enertel NV, and was involved in the sale of the business to a Dutch venture capital group. He studied Electrical Engineering at the University of Strathclyde, is a Chartered Engineer and a member of the Institute of Engineering and Technology.
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