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Not Perfect... Good post.. thank you.
Silverpixels
NFX have carried out a review, referred to in the last update -
"The leadership team and Board have completed a business review, mapping out a sensible course through the months ahead and focussing investment on the programmes we believe will deliver short-term returns"
I think it's very unlikely that Dan's amicable leaving wasn't included in that review. He got to make a farewell statement after all (which in your comparison, I don't remember RT doing and I doubt that was in any way amicable.)
Further, if Chris is genuinely looking for Dan's successor then that person will set the strategy going forward and the May update will be the holding position till then.
If goup is right and Dan became surplus, say because of a friendly takeover by Vectura, then we won't hear more until it is done.
Jiving, great post and exactly my point. If it was a completely new board, I would expect them to carry out a "review" and then update the market, even if only to confirm the strategy. HUR bod a good example with similar people leaving. Dan has left since the last update.
'Bob "That would be what I would do if I'd took the on the role... unless there was something pending that stopped me..
What do think that could possibly be ?
Cheers
That would be what I would do if I'd took the on the role... unless there was something pending that stopped me..
Well the resignation of the CEO & one of the company's founders coming just month's after the resignation of the Chairman & also one of the company's founders puts us in the hands of Chris Blackwell, who has gone from becoming a Director to Executive Chairman. Right, what is his plan going forward now two of the three founders have been removed. This frankly a different company from the one I invested in 2.5 years ago, I want to know whats going on & what happens next. Most new Chairman/CEO set out their stall shortly after taking over. This happens in listed companies & also in normal office situations, the boss gets fired, the new boss explains how its going to work going forward.
I don't think you are missing anything whimax, just people getting stir crazy!!!
Am I missing something here?
What is it people want the BoD to come out and say at this point?
Genuine question.
This is a total shambles, if this is a sign of Blackwell's 'leadership' - ie nothing to say for two weeks after CEO resigns - then we were frankly better off with Dave & Dan. Been here since January 2018, have basically been happy to let it proceed at its own pace, I understand biotech takes time & I actually didn't blame Dan for circumstances where I didn't think he was at fault.
re..Can you expand a little?
to what purpose?....it's history now....and without wishing to sound like Mr Pangloss,I'm not one for chewing over old bones and picking at a carcass....save to say...it appears that the protaganists have exited via the orchestra pit...and the Bod now hold centre stage...lets hope they are up to the job.
quercus
"main s/hlders have been fighting like ferrets in a sack for the past 15 months or so....absolutely zero thought/consideration given to the best interests of the company.....or their shareholders.Only to be expected nowadays I suppose,nevertheless it is pretty staggering......and as ever....no-one is accountable.
How do I know this?.. Answer...from the many conversations I had with D Gooding......who was always surprisingly candid,to the point of indiscretion"
Can you expand a little?
....no way to run a main mkt listed plc.....
..main s/hlders have been fighting like ferrets in a sack for the past 15 months or so....absolutely zero thought/consideration given to the best interests of the company.....or their shareholders.Only to be expected nowadays I suppose,nevertheless it is pretty staggering......and as ever....no-one is accountable.
How do I know this?..
Answer...from the many conversations I had with D Gooding......who was always surprisingly candid,to the point of indiscretion...which gave me pause for thought.
A really dreadful state of affairs.I did actually get speak to Fleur the other day,who was singularly tight lipped.Thats ok...nothing else was expected....simply repeated what was in the latest update.
View from here?
Well...I do think that what NFX have got going has huge potential....so no point in throwing in the towel.
We do need a more professional and communicative approach from the BOD.....silence is definately not golden.