RE: chip14 Jan 2019 11:09
I could write a 500 page book on what I would do based on the RNS issued, but it all means nothing if that guidance is inaccurate.
The alternative has been to leave him in place and suck the company dry, dispose of TCT at no gain to shareholders, fail to find a JV partner that brings something to the party and kill the share price in a fairly substantial way.
In addition, stalled Zulu and bought an illiquid company that has failed to do anything since the licence was issued.
Just to finish, his fund-raising was truly abominable. Shareholder said so at the time and he had to further dilute us to pay them off. So keeping him in charge on a large salary I think has been more expensive than kicking him out on his arse. Oh and now your talking of knocking on the ARCM shares at a lose to fund the BOD wallet fillers.