RE: Ireland26 Nov 2023 11:26
When I joined the Action Group I received a short paper on the proposed strategy:
- boot out the remaining excutive board via an egm
- appoint the well qualified Paul and Erica in their places at vastly reduced salaries. They have significant shareholdings and founded eog in 2004
- run the company as a £10m company and for the benefit of shareholders not greedy directors
- stop reviewing crazy projects assessed by expensive consultants and concentrate on one or two sensible ones that can be internally assessed by the new Board
- consider a trade sale or merger
In my opinion the above is far preferable to continuing with the status quo.
We need action to try and recover some of our losses.
Stokie