Chief Executive Officer search well advanced with an appointment expected in the next few months;
has ended in them giving the interim CEO the job. A lawyer with a background in law as you'd expect but hardly what their prior announcements suggested or especially exciting as the -4% indicates. He may surprise tho sometimes an uninspiring appointment does a good job.
I owe a debt of gratitude to sharesies for this one - they always disappoint in capital raisings and you're lucky if you get 15% of what you ask for but this time round getting a lot less than I asked for has been a case of being saved from myself as this isn't travelling too well.
Chief Executive Officer search well advanced with an appointment expected in the next few months;
has ended in them giving the interim CEO the job. A lawyer with a background in law as you'd expect but hardly what their prior announcements suggested or especially exciting as the -4% indicates. He may surprise tho sometimes an uninspiring appointment does a good job.
I owe a debt of gratitude to sharesies for this one - they always disappoint in capital raisings and you're lucky if you get 15% of what you ask for but this time round getting a lot less than I asked for has been a case of being saved from myself as this isn't travelling too well.
Forget about the -4% and focus on the -72% over the last year or the -41% in the last month!
This new CEO's annual salary ($700k + $700k bonus) is almost 1% of their market cap. Excessive for a lawyer without tech or transport/logistics experience or North American contacts.
Eroad needs North American sales and a smooth integration of the Coretex/Eroad platforms and then to invest wisely in tech development. Not sure how his IP protection experience helps much?
Forget about the -4% and focus on the -72% over the last year or the -41% in the last month!
This new CEO's annual salary ($700k + $700k bonus) is almost 1% of their market cap. Excessive for a lawyer without tech or transport/logistics experience or North American contacts.
Eroad needs North American sales and a smooth integration of the Coretex/Eroad platforms and then to invest wisely in tech development. Not sure how his IP protection experience helps much?
Totally 4% down is a good day for this share - I have been watching it for a while - and its been crashing every day for a long time - seems like a lot of sellers wanting to get what they can. But there is no obvious news why . Back a couple of years I bought a bunch for $1.80 or something and it went up to $3.80 and I sold out and was quite happy and then it went to nearly $6 so I was less happy. Now its back to where it started so happy again with the $3.80. Its all gone a bit crazy.
Guess im replying to myself now - but this price just keeps dropping and dropping - every day 2-5% - down to 1.47 with no obvious reason why - surely its going to find some bottom level soon and worth some sort of punt, the numbers dont look that terrible, it was up in the $6 range not that long ago. Surely it cant all be about the CEO.
Last edited by JAX; 29-06-2022 at 03:07 PM.
Reason: Price dropped while I was typing!
Guess im replying to myself now - but this price just keeps dropping and dropping - every day 2-5% - down to 1.47 with no obvious reason why - surely its going to find some bottom level soon and worth some sort of punt, the numbers dont look that terrible, it was up in the $6 range not that long ago. Surely it cant all be about the CEO.
Was never worth the $6.60 it was this time last year
Maybe $1.25 is a price that reflects fundamentals
Market surely can get super excited at times can't it
Hope you haven't been holding from 6 bucks odd
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
No - I bought it years ago at a similar price to now - and sold out at $3.80 where it was hovering for many years - with no dividend and not much change month to month there seemed no reason to hang around - then it shot up (cant tell why it did that either) and now has crashed. It seems to move quite a lot without obvious reason when it does.
Steven Newman with his ~13m shares - must have been pretty happy at 6.60 or anywhere near - a lot different to the current 1.45.
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Originally Posted by lawson
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