Last Chance Salon13 Jun 2021 11:26
It was easy to separate a greedy naive fool (me) from my hard earned and sell me the dream of what was then EVR. The roller coaster of optimism, the false dawns and the continue and relentless decline in the share price. I've seen it all now but though on paper significantly poorer, I'm a little bit wiser.
The only thing that AM has truly delivered on and he must really have meant it was his comment a couple of years ago that he wasn't bothered about the share price. Top marks on that one.
However, are we really been fair on AM. If you take into consideration his age and experience are we really expecting him to step up and run a complex, global set of companies that need to be merged into one. I don't think he has the skill set and I'm fed up with him learning on the job at my expense.
I would give him until mid September when we are all back from our staycations. By then, the new app will have been launched, we will have some real numbers from some of the partnerships particularly the Singtel relationship. This will allow us to look at some real metrics and give us a sense of what the business performance could look like over the next 12 months.
If the picture doesn't look optimistic and the share price at a minimum of 5-6p by mid September then AM has to go. I still very much believe in Naps but the window of opportunity will get shorter as more competitors enter the market. Let me make it very clear - AM - you are in the last chance salon. You have 3 months to demonstrate you are the man to be at the helm.