Yes IKE being so much smaller with a market cap of just $146 mil compared to NEA's $1,063 mil,they would have trouble borrowing/renting stock,and leave them selves open to a big squeeze.
ADMIN: IKE: ikeGPS - Non executive director intends to stand down IKE
17/03/2021 08:31
ADMIN
NOT PRICE SENSITIVE
REL: 0831 HRS ikeGPS Group Limited
ADMIN: IKE: ikeGPS - Non executive director intends to stand down
Bill Morrow to leave the IKE Board
ikeGPS (IKE) today announced that non-executive director Bill Morrow intends
to stand down from the IKE Board on or before 30 April 2021. Bill has
recently accepted a senior executive position at AT&T Inc., the world's
largest communications company, as CEO of DirecTV, the business that in 2020
had US$28 billion in revenues, 17 million customers, and 13,000 employees.
Commenting, IKE Chairman Rick Christie, said "On behalf of the Board I would
like to greatly thank Bill for his valuable contributions over the past two
and a half years as the IKE business has gone from strength to strength in
the U.S. market. We wish him well in his new and considerable role, and on
his move to Los Angeles'.
Bill Morrow, said, "It is bitter-sweet that in taking on this new executive
position that I am required to step away from IKE in a non-executive
capacity. I believe strongly in the long-term growth potential of the
business and look forward to remaining in contact with the team in an
informal advisory capacity".
Originally Posted by sb9
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