It's clear from the Board's letter Friday that Mr Purcell has a very questionable background and set of motives. This man has presided over the loss of shareholder value in at least three other listed companies; has developed a pattern of trying to do related party deals with companies he invests in/sits on the board; and in the cases of Moreton Resources and Realm Resources, was kicked off those boards when the other directors caught him out.
Add in the shadowy relationship he has with the Malaysian Twinkle Capital people and you also start wondering who Mr Purcell really represents and who really owns his Metgasco shares. Doesnt pass the pub test for me.
The present Board's done a good job and they deserve our support.
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