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I hope so bakky. Jeez I hope so!! SB
surely they would have looked pretty hard into any other possible misdemeanours before the rns went out?
Evening all. We will probably never know exactly what occurred here - FWIW I cannot help but think MS was central to many fairly serious financial decisions / not fraudulent / but certainly at the edge of good accounting practice. He got away with this when two previous CEOs were bulleted - but time caught up eventually. Perhaps TH was too trusting; too eager to drive sales volume and accepted the advice presented to him that the deals were genuine and bookable as revenue. But you would think given mmx history he would have ensured proper accounting was followed. I’m not abdicating TH - he had to go - but suspect he got caught up in MS‘s far from acceptable method of counting. Interesting couple of months ahead - we have a number of senior industry players in our team - and yet we have appointed externally to right the ship. I like the sound of a straight talking no nonsense shareholder focused CEO who understands what the company does, what it needs to do it and how to deliver for shareholders. Whether Tony F fits that bill only time will tell - if he gets the permanent position - but from what we have heard so far he sounds like the wind of change we need in the short term - and possibly longer. I only hope he doesn’t uncover any more crappy deals - that’s the last thing we need. SB
and a nice 4k+ for .fit....if you can believe they are 'real' that is!?
Hucks, I dont think we are too far apart in our thinking.I would just say that ,I.believe value sales are fine..what we are seeing is a reduction in the mass budget VIP and possibly work.DUMs.We have had some pretty decent sales at good prices in the lower order tlds...There is a lot of fat that can be cut here too...Inveators will see value immediately if they receive good communication on strategy.
PS ..I just renewed my .luxe , after two years..another two years $80..first time round $60.