RE: Factory and Sales24 Aug 2016 11:33
I would be inclined to agree with that summary RyeSloan.
The recent RNS was not all that we would have liked that is clear and may have raised some doubts but how often is it plain sailing in the formative years of AIM companies and we know the factory has taken a lot longer than had been originally anticipated.
If for the moment we ignore Chris Gilbert and look at the other members of the BOD and to mention 3 :
ANDREW ALLNER
Non-Executive Chairman
Andrew is currently the Chairman of The Go-Ahead Group Plc, Non-Executive Chairman for Marshalls Plc and Non-Executive Director at Northgate Plc. Previously; Andrew was Non-Executive Director of Moss Bros, CSR Plc and AZ Electronic Materials SA; and Group Finance Director at RHM Plc, taking a lead role in its flotation on the London Stock Exchange in 2005 and CEO at Enodis Plc.
Andrew has also served in senior executive positions with Dalgety Plc, Amersham International Plc and Guinness Plc, and was a Partner at PriceWaterhouseCoopers
SIR COLIN TERRY KBE CB DL FRENG
Non-Executive Director
Sir Colin spent 37 years in the Royal Air Force, where he reached the rank of Air Marshal. He was Director-General of Support Management in 1993, Chief of Staff at RAF Logistics Command in 1995 and Air Officer Commanding-in-Chief at RAF Logistics Command in 1997 before retiring in 1999.
Sir Colin is currently the Non-Executive Chairman of Meggitt Plc, a position he has held since 2004. He is qualified as a chartered engineer and fellow of Imperial College.
ROY HARRISON OBE
Non-Executive Director
A former Chief Executive of Tarmac Plc, Roy completed the sale of Tarmac to the Anglo American Mining Group in 2000. He is currently the Chairman of Renew Holdings Plc, following the corporate rescue of the Montpelier Group in 2004 and also acts as a consultant to Arriven, a private partnership, advising and investing in the UK building materials sector. Previously, he was a Senior Independent Director of the BSS Group Plc.
I'm inclined to think they would not wish to have their reputations tarnished or worst by being involved with a company that does not have a decent chance of delivering upon it's business plan. That is not taking away anything from Chris Gilbert and the other members of the BOD either.