RE: People finally coming round to the writing on the wall?31 Mar 2022 12:35
Doc , yes I am angry and bitter , I see Richard Marsden as a lucky ? Family ? Masonic? Individual who came to this company in 2003 and within 6 months was MD .Was that luck , buy in ,family or again Masonic ?.
Given what I observe now or more inportantly pre P3 read out he was under qualified as a GM yet in 2009 he made CEO and since then acquired all the other little titles he has given himself or been given by the gravy train engine stokers. The salary has been commensurate and share entitlement with the titles and not the task in hand. . He and the other 7 board members plus ( more inportantly ) the Synairgen research dept have managed to secure a revenue of £79 k per annum by way of a JV in 19 yesrs .who did the " Leg work " on that ?
Did Synairgen need the JV to get that over the line ?
"RM did his best " really ? Then that suggests he is not cut out for this line of work . He is the equivalent of Ole Gunnar Solskjaer in his field . Totally out of his depth but trying his best ..
Board members and management come and go in the evolution of good companies .The evolution of Synairgen has stalled to the distinct possibility of becoming extinct.. I am personally of the opinion the company needs to die off .As far as we know and what we are told ,there are no more irons in the fire for this company if SNG001 is taken away .
SSH will continue to earn a crust sitting on countless committees, The CFO will come out of this relatively unscathed after all , he made sure the cash flow operation was a success.The rest are CHAff and have probably done themselves irreversible career damage unless they can somehow spin the blame game and put it all on RM. It is ofcourse not all his fault but he is the conductor of a tone deaf orchestra .
£4/SHARE ( fully achievable before first dosing on P3) would see me offer an unreserved apology to Synaigen but that now is as likely as Will Smith hosting next years Oscars. Not impossible but highly unlikely .