RE: Andrew Bell11 Mar 2019 16:15
Your theories are a bit out.
1. RGM has already indicated that work is planned for Mambare
2. When AB bought shares in the market he had no idea about what was planned at the AGM and no way of knowing
3. He resigned when he saw that the mood was against him.
4. The shareholders involved have caused these particular problems. The mooted directors baulked at joining the board when presented with the opportunity.
5. The larger investors don't want AB as Chairman or CEO but have no alternatives
6. They won't fund a capital raise but want any fund raise to be an open offer.
7. Basically they have sought to get rid of AB without any adequate planning about the way forward, no replacement directors, no funding, no plans.
8. If this goes down the toilet the proximate cause will the larger shareholders who couldn't organise a drinking session in a brewery.
9. The way forward should been to have a new chairman who brought some funding with him and let him or her sort out the CEO. Continuity is a big thing. Why risk the loss of the Mambare asset now?
Amateurs
DYOR