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Old 9th Jun 2012, 01:59
  #609 (permalink)  
ozbiggles
 
Join Date: Dec 2000
Location: Australia
Posts: 941
Received 26 Likes on 10 Posts
I think we are missing some of the positives here.
Clifford says Joyce has his and the full boards support.
That means Joyce will be gone soon (my guess is the reason will be given as for health reasons, so face saving is covered).
Followed shortly thereafter by Mr Clifford himself as the chief backer of Mr Joyce (and directions given to him). The board I believe has lost the confidence of the heavy hitters in the market (exhibit A the share price).Money talks and it doesn't take prisoners!
I don't believe anyone thinks this management has a way to recover.
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