Good morning....
After our AGM concluded in late May I contacted the company (an individual) with my concern that or more to the point a question directly, squarely at, why the CEO threw in the line that the company was intending to employ a further 4 Non-Executive directors before this year was out, and "possibly" a fifth...as soon as that comment was made, my mind started cherning, why would we want to double the Board size, it seemed to me to be a little premature...Had another company or potential large investor put the word on the Board that if something were to play out over the next 6/12 months that this alleged company or large investor wanted or demanded a number of seats on the Board moving foward.
Anyway, the shutters went up (as predicted) and very recently I followed up with two specific questions to the company to see if they were prepared to elaborate on what clearly has been a change in direction, for example, no longer a chip company, as such, but solely an IP company.
In my opinion this business direction, that is, casually mentioning a plan surrounding the massive Board expansion, and I mean, pretty casually just throwing it out there at the AGM with really no foundation, well, I'm 100% convinced that something rather major is on the near horizon, as it's definitely 100% sensitive, whatever is going down, the Citicorp Nominees holding of over 174 Million that was recently exposed, surpassing our great Founder and long time No.1 stakeholder Peter Van, without even a whisper, tells me the roller coaster ride many of us have been on over the last 7 plus years, is about to become more curvier, hang on..somethings definitely at play, what I don't know, but my personal trust in both Peter and Anil leads me to think, great things are fast approaching.
From a wet & cold Sunday morning in Perth.....Tech x