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I don't agree.
I think Linn did a good job for Providence shareholders when he saved us 40% of the company shares and a big tranche of warrants when he got rid of SpotOn and he kept the consortium on side.
So, as far as I am concerned, Linn doubled my value.
Check the Providence website and see for yourselves what he achieved. I will leave it up to people to find the relevant information but it is all contained on there.
lynn turned out to be as competent as the Bronze with many members here proclaming the man to be the messiah who was going to turn this company around and get Barryroe funding sorted with a new funding plan which turned out to be as useful as previous apec/bronze farce deal the same members who claim to be masters of spotting multiple member ids on this site who i belive wouldnt know the difference between their ar$es from their elbows who tey to deflect any negative comments about pvr by Trying to discredit other site members who share opposing viewpoints accusing them with of holding multiple ids
I guess i will for the first time since joining lse have to start using the filter button to avoid vewing the childish tantrums of a self proclaimed expert and overall pain i t A.
LUCAN: "1. He didn't choose to leave, he was pushed
2. He did not believe the SP would go significantly over 4p in the foreseeable."
Almost certainly the former I would think. He was brought in to do a particular job. He not only blew it but he wasted YET ANOTHER year and a half with a bunch of chancers in a copycat sequel to TO'R + APEC. What convinces me he got the push is the turnaround in messaging between April and June. Initially he was just going to finish the SpotOn plan without SpotOn, all to be completed by September and with an offer from Pageant to underwrite a capital raise to tide them over. Just two months later it transmogrified into a strategic review by the end of the year, and no Pageant money. Clearly the wheels had come off the trolley. There were also three new director hires in rapid succession, with Menton replacing longtimer Plunkett as chair, and a raft of new share options for all three plus MacKay. The latter already owned 1.7% of PVR which he bought in May of last year. So, four new directors, all highly incentivised to get the job done and likely deciding -- with support from the big shareholders -- that Linn wasn't the man to take it forward. They might have given him a grace period to see if he could still pull a rabbit out of the hat by September, which would explain the timing of his departure.
Two possible answers.
1. He didn't choose to leave, he was pushed.
2. He did not believe the SP would go significantly over 4p in the foreseeable.
Take your pick. Or indeed both.