David Hobbs27 Jul 2024 12:36
I have followed the recent debate on this, and other forums with interest, and note that DH has come in for a significant amount of criticism. Anyone with experience of board meetings will know that common sense and sound judgement doesn’t always prevail! Whilst I have no evidence for the following, I have a very strong suspicion that DH was overruled by the ‘0ld Guard’ (who, it should not be forgotten, presided over the collapse of the share price from the high 140s - I recall breathing a huge sigh of relief when he accepted the offer to join the Board, and was subsequently appointed Exec Chairman). Continuing this conjecture, I suspect that various alternative financing deals proposed by DH - which he occasionally hinted at - were rejected by the Board, resulting in the situation in which we currently find ourselves.
I personally have the upmost confidence in DH (a confidence that does not extend to certain members of the ‘Old Guard’) and I am prepared to back him to the hilt!
By the way - I should clarify that I am not his Mum 😂