Goh's £40k is more embarrassing that anything else as he's down 50%. BoD are also down 65% on their bigger holdings. Yes. they#re n for the long haul but it's their job! the only upside of that is 0.68 makes this a 2-4-1 on the £40k buy (what does that say about his understanding of the biz!) and near 3-4-1 on their original buys.
Actually Kat the only person this embarrasses is you
So you are staying that the executive chair of the business doesn't understand the business or industry despite having spent decades working in it and despite being highly intelligent and successful.
What it shows imo is the vagary of the market and stupidity of the sp not any lack of intellect or ability of Goh
Yes Billy I posted at the time that it was most likely a 3-5 year contract. We were also told at the time that the vast majority of the contract was for hardware, which would need to be installed and set up.
This element would be done at cost for the hardware and an hourly rate for installation.
The ongoing elements would be around upgrades and maintenance
The vast majority of the contract value would, therefore have been in the set up phase, so it makes sense that it would have been accounted for prior to our ownership.
The arbitration could be over a number of issues and not something I'm prepared to speculate on due to lack of knowledge
But I'm confident that this is how the contract would have been structured