https://www.youtube.com/watch?v=lByBtCKM98s
Bloomberg interview with the CEO. 3:26 if you want to hear her discuss the share sale.
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https://www.youtube.com/watch?v=lByBtCKM98s
Bloomberg interview with the CEO. 3:26 if you want to hear her discuss the share sale.
Thanks for this.
Now we now why there is an increase in the marketing spend as previously advised by the trougher, it's because: "word of mouth" is the main a2 marketing strategy.
She struggled a bit at the end to clearly justify her sell off, but what is done, is done.
"My personal motives are inextricably linked to shareholders" Hmmmm...She has a long history in her career of selling down shares shortly after they vest as reported by NBR recently.
funny, I was kind worried when she was talking about she still got twice ATM shares......
While, arguably, shareholders who hold dont lose money they do most certainly loose value. A sale is cementing the loss.
Prospects are potentially worse. You want a CEO who uses sound judgement to run a company aligned to directors governance which is aligned to shareholder / owner expectations and with the ultimate aim of returning positive value to shareholders. Be that either dividends or an increase in capital value. The consequence of using her judgement is a severe erosion of shareholder value - which is not a competent judgment nor decision. And that is without delving into her judgement that left her with an outstanding tax bill that require a saher sell off and also considering putting money into investments other than ATM.
bit of tongue and cheek
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