A little story28 Nov 2021 19:44
December 5th 2018 I spoke to JW after the presentation. He criticised the previous bod for raising at .24p (24p) plus .48p warrants. He told me he no way would he have raised as low and with warrants because of the dilution it would cause. He told me to my face if he ever needed to raise it would be at a premium because of the asset islandmagee was.
15 billion shares later and we are where we are......
He has proved his MO is to raise as much as possible at any price to satisfy his vanity projects and at the same time paying himself and Arun far too much money.
He has surrounded himself by sycophants at board level and it's his way or the highway!!
Where is the new chairperson?
JW will be quite happy to keep that spineless yes man Groat as interim forever imo.
Also, if you look back the real downward spiral started when Gresham house dumped their 5% . I've heard rumours why they dumped after being really bullish??
Obviously JW would not want a real independent NED anywhere near imo