Should Richard Resign?, page-108

Currently unlisted. Proposed listing date: 09 APRIL 2025 11:00 AM AEST ##

First 108 Last

Share
Profile

Follow
Ryzie

1,419 Posts.

84

24/03/18

14:25

Post #: 31999036
Share

Originally posted by Thanky ↑

Great commentary and I think we're all learning something from this that will aid in our future analysis of other investments.

I think Richard won't last as CEO. Though I think the Board will understand that to remove him now will create instability and slow down the next phase of expansion that is underway.

I think there become a point where his usefulness diminishes but right now there are a few too many balls in the air with the Tipsly app, expansion into the US, dealing with the ASX and possibly ASIC, relationship with FCC as well as business as usual operations.

As the ship steadies, the Board becomes properly functioning (I don't ever believe it ever was), the Chairman develops relationships with Zeta/Tipsly/FCC, start-up expansions steady into the US and become operationalised and perhaps the App release - I think there will be a discussion about who is best to lead BIG to the next phase.

I think Richard will know his usefulness will reduce over time. He may hang on for dear life as other founder CEOs have done (Jobs, Ellison etc) or he may go gracefully cash in and live life. I think our new Chairman with his extensive experience will be able to manage that.

So for me it's not a question of whether he should stay or go. I think he will go but the impact to the business is to high for it to happen now.

Expand

Maybe he can prove himself by going away and starting another company called "NextBIG" and then BIG can acquire it and hire him back. Now that would be a classic Steve Jobs move.

BIG Price at posting: $2.22 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

DBO

Diablo expands critical minerals footprint at Star Range

LISTEN: HotCopper's Penny Drop Podcast #1 – Uranium deals, PFS misses, & an Ebola opportunity

LSR

Lodestar Minerals advances Ned's Creek gold on back of high-grade Central Park results

Expert Exchange: SpaceX plummets back down to earth after explosive IPO debut

AFP

AFT Pharmaceutical's multi-billion R&D opportunity

GHY

Gold Hydrogen on target to re-introduce Australian helium production

PL9

Prairie Lithium advances towards first production as commercial DLE unit arrives

KLV

Klevo Rewards advances stablecoin strategy with credit licence acquisition

Expert Exchange: The Kouk on Michelle Bullock's legacy as RBA Governor

LISTEN: HotCopper Wire Podcast #052 – A big, juicy gold megamerger

First 108 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Should Richard Resign?, page-108

Top Stories

Diablo expands critical minerals footprint at Star Range

LISTEN: HotCopper's Penny Drop Podcast #1 – Uranium deals, PFS misses, & an Ebola opportunity

Lodestar Minerals advances Ned's Creek gold on back of high-grade Central Park results

Expert Exchange: SpaceX plummets back down to earth after explosive IPO debut

AFT Pharmaceutical's multi-billion R&D opportunity

Gold Hydrogen on target to re-introduce Australian helium production

Prairie Lithium advances towards first production as commercial DLE unit arrives

Klevo Rewards advances stablecoin strategy with credit licence acquisition

Expert Exchange: The Kouk on Michelle Bullock's legacy as RBA Governor

LISTEN: HotCopper Wire Podcast #052 – A big, juicy gold megamerger

Featured News