BET Ann: Board and Management Restructure - 31st Jan 2023, 8:59am

[annb0t]

BET Ann: Board and Management Restructure
Price Sensitive: Y
Date: 31st Jan 2023, 8:59am

>>> Read announcement: Google: BET Market Announcements

 

[RHINO]

He must have been a geography teacher in his last job,hence the world growth baloney appointment!
At least he can find the airports right????
Absolutely way out of his depth as a CEO.
I don't mind copping some pain going forward if we have someone like Matt Davey leading.
Good luck all,it will be a while

 

[maggies22]

Loving that Matt Davey is back on board - slick operator

 

[Uraniborg]

Loving that Matt Davey is back on board - slick operator

Me too! Matt is the only one in that update that didn't speak in a cryptic, almost indecipherable 'word salad'. His answers were clear, precise and well thought out.

 

[RHINO]

Me too! Matt is the only one in that update that didn't speak in a cryptic, almost indecipherable 'word salad'. His answers were clear, precise and well thought out.

Yep,we will see a big difference with Matt Davey steering this thing.
I don't think it was his decision to jump in but the alternative was too ugly.
Someone at HC mentioned Betr leaders behind this and I agree.
The Betr app is a lemon and it needs fixing.
Taking over PointsBet would have been an easy fiz to use their platform but maybe that's fallen through.
Now we will bear another quarter or two more pain before this thing starts to make some money.
More heads to roll I reckon.
My concern is having an ex CEO sooking in the corner whilst holding a shitload of shares,,,,very dangerous.
He's mates with Tripp as well.
Would have loved to have been a fly on the wall when he was tapped!
He'll be gone before April and hopefully his twin look a like over in the States is next to go.
Monmouth kicks back in May and we can't have another racing season with us out back with the chicken wings guy!!!!
Let the dogs out!!!!

 

[Uraniborg]

Yep,we will see a big difference with Matt Davey steering this thing.
I don't think it was his decision to jump in but the alternative was too ugly.
Someone at HC mentioned Betr leaders behind this and I agree.
The Betr app is a lemon and it needs fixing.
Taking over PointsBet would have been an easy fiz to use their platform but maybe that's fallen through.
Now we will bear another quarter or two more pain before this thing starts to make some money.
More heads to roll I reckon.
My concern is having an ex CEO sooking in the corner whilst holding a shitload of shares,,,,very dangerous.
He's mates with Tripp as well.
Would have loved to have been a fly on the wall when he was tapped!
He'll be gone before April and hopefully his twin look a like over in the States is next to go.
Monmouth kicks back in May and we can't have another racing season with us out back with the chicken wings guy!!!!
Let the dogs out!!!!

Who is the twin lookalike in The States? Bill Pascrell?

 

[RHINO]

Dallas Baker

 

[maggies22]

Davey made a quick comment today that he was "certainly a net buyer over the last 6 months" ... does that mean he has been buying through a fund?

 

[Lattelarry]

Think this is a good move. Not surprised it got dumped though as that seems to be the way this news is handled by the market even if it will be a benefit in the long term.
I would have preferred to see Jake become interim CEO while they find a really strong candidate. But he must have the confidence of Davey.
Chan never seemed to be visible so glad he's not chairman anymore.
I get the feeling Davey is going to drive shareholder value a lot more than has been done in the past.
There are quite a few challenges ahead but the SP seems way over sold to me but I'm not expecting much movement for a while, maybe 6 months or more.

 

[RHINO]

Definitely a good move…..BET didn’t even beat the RaaS HY forecast!……I think this change would have been instigated by Davey.

Agree re Jake, Davey must have enough confidence in him that he has a high level of how all the pieces work…….nothing will come out of Jake’s mouth unless Davey has approved it. Martin Tripp has moved up to Jake’s position of COO.

The betr rollout should have been a showcase of all the tech that BET acquired and media/content agreements to live up to the ‘NexGen’ hype……unfortunately its a basket case!

Matt Davey has an outstanding background and reputation in bringing multiple acquisitions together and creating a global company……I think he can do it again……it will take time.

You can put up taking more time ,if you have confidence in the leadership.
I see this as BET Version Two.
These things can go either way, a slow positive build or a revelation you have a lemon on your hands.
Hopefully Matt will know fast enough, and fast being the key word
We cant let another US season go buy will nothing happening.
Whats with the ex Ceasars guy???
what's he doing? He can't be cheap.
Do we need him and Dallas Baker??
Will Matt run this from Vegas??
If we didn't have the deals in place and money in the bank I would be very worried about our current setup with Betr.
if they get Pointsbet you watch how quickly Betr will look like their platform.
Davey has the brains but more so the street smarts to pull this out of the shit,let's hope so
I also think in this industry you need great optics as wwelland Davey looks like a CEO,where the other guy looked like he worked the front door security.
Did anyone read today's Australian Financial???
Davey gives me the impression if he can't fix this ,he will dress it up,put a bow on it and try to get some decent money for it
Hopefully more than $1 , but depends on how many more skeletons lie under the bed!!

 

[ScottBET]

Definitely a good move…..BET didn’t even beat the RaaS HY forecast!……I think this change would have been instigated by Davey.

Agree re Jake, Davey must have enough confidence in him that he has a high level of how all the pieces work…….nothing will come out of Jake’s mouth unless Davey has approved it. Martin Tripp has moved up to Jake’s position of COO.

The betr rollout should have been a showcase of all the tech that BET acquired and media/content agreements to live up to the ‘NexGen’ hype……unfortunately its a basket case!

Matt Davey has an outstanding background and reputation in bringing multiple acquisitions together and creating a global company……I think he can do it again……it will take time.

Agreed, I think this is a great move and Matt Davey knows what needs to be done and he has restructured to peoples strengths. Todd is good at wining and dining and getting the opportunities through the door. I think Jakes strengths are in the tech and Matt Davey understands that this is where the focus needs to be to put Jake in the CEO as he has good knowledge of the technology side of the business so he will be focused on getting the tech up to speed and execution to take advantage of the partnerships we have. I think it will be a long Rd to past $1 again. Trust in management need to be regained.

 

[Uraniborg]

Time for Chan to move on…..TB ’celebrates’ other Linkedin post but not recent BET ones.

View attachment 29034

I noticed that too