Stratex Share Discussion Threads

[5huu] 30/11/2017 23:14

If it wasn't for his big fat pay cheque, Poor old Bob would be crying himself to sleep. As Rom quite rightly says, TSR, the company he helped create when he spun off those assets, is now his only hope of a future after his replacement gave away all the assets he'd lovingly nurtured. Not forgetting the loans and fees his thieving replacement went and saddled him with for good measure. He now runs the same company he ran little more than 15 months ago, but with virtually none of the assets, no future cash flow and zero investor confidence, apart from the mystery PG who seems to be having a little punt.... The share price and lack of buys underlines the whole sorry story.

[romeike] 30/11/2017 20:32

Bob Foster does have plenty of contacts and is well liked, I am hoping he can substitute in a more neutral, interim non execs that can be trusted to uphold proper governance, enable him to start implementing some turnaround actions and help make decisions about the direction of the Company. Hopefully Bob is suitably impressed with the TSR operations to be receptive to making a deal there. I can't really see where a better deal is coming from as I believe TSR, run by a former co-founder of Stratex, are open to a merger on fair terms, whereas I doubt other potential partners will be as prepared to take the same attitude.

Until Peter and Chris step down I cannot see how the Company can succeed.

[juju44] 30/11/2017 19:27

He couldn't even if there were no obstacles . This man is utterly Useless .Why don't peeps realise it

[corguv] 30/11/2017 19:00

The BOD is the problem and their corporate advisors Hallam. The Chairman is completely compromised, the other two directors tainted by Crusader

Bob is on his own.

He knows what the majority of shareholders want from the General Meeting

How can he make progress?

[juju44] 30/11/2017 16:00

Never doubted that Bob was a nice old duffer. Problem is he is useless and very expensive to know

[tightfist] 30/11/2017 15:32

Having recently met with Bob, I would recommend anyone/everyone to also arrange a meeting and share their views on what would/would not be acceptable going forward. Bob was open to all of that, he has taken on-board the complete shareholder disillusionment that must now be overcome through taking ACTION (to avoid a further Requisitioning party).

[romeike] 30/11/2017 14:14

Probably no one surprised to hear that the outgoing CEO at CAS has been retained as a freelance consultant.

[romeike] 30/11/2017 12:06

As I posted earlier, I recently met with Bob and wanted to share some thoughts. The meeting was positive, I feel Bob was sincere and he provided some assurances.

The main impressions I came away with are that:
We should expect a major update before Christmas.
We should expect a plan hopefully by end Jan or shortly thereafter.
Bob has visited one TSR location and is visiting another next week.
It appears accepted that the board, as currently constituted, is not appropriate for the turnaround effort, I think we may hear more about that in December.

There was a lot more too but I don't want to post all that here, though obviously it is all stuff that is in the public domain anyway. If you have any specific questions feel free to ask and I will try to answer as best I can.

[shoggoth] 30/11/2017 11:43

I have anew company motto.
"Stratex,a company that despises its shareholders and whose shareholders despise its managment".

[kingivor] 28/11/2017 21:02

Well said steve.

[steve1905] 28/11/2017 16:08

I would also add, if Mr Hall or Mr Foord look in. You owe shareholders an explanation of events as you see them.

[steve1905] 28/11/2017 16:05

What I would say, if there is any senior Stratex personnel looking in, is -

You have completely failed in your roles and wasted a fortune while rewarding yourself with big salaries and bonuses. There is literally no evidence you have the business acumen to rescue the Company from its dire predicament, not only that, there is more reason to believe you are actually detrimental to its survival.
You have the infamous distinction of having the CEO removed and a proposed merger thrown out.
The time has come for a change, do the honourable thing and stand aside

[jimbowen30] 27/11/2017 21:20

^ anyone who believes that is more past it than Bob!

[novicetrade68] 27/11/2017 21:00

So 5huu is suggesting Stratex crew is posting on this thread?

[shortarm] 27/11/2017 18:08

Seems that no one appears to be as sharp as 5huu?

[greedfear] 27/11/2017 16:24

Meanwhile at STI's headquarter

[5huu] 27/11/2017 14:42

I think this bulletin board has now been officially infiltrated.The smart amongst the crowd will know exactly what I mean.

[romeike] 27/11/2017 12:45

I am meeting Bob Foster this week and will be asking him when he is going to honour the outcome of resolutions 3 & 4 at the recent GM. Refusing to honour the outcome of those votes is a betrayal of shareholders and it will be clear that only a new vote will be sufficient to resolve the situation.

[shoggoth] 27/11/2017 11:49

Bob should have never accepted the position. He should now fire Peter A and appoint a responsible board.

[novicetrade68] 27/11/2017 11:07

If anyone at some point sees a sale go through of 7,719,404 shares, then those are Bob's.

[romeike] 27/11/2017 10:56

The outcome of the votes were as follows:

Removal of PA For: 144m Against: 145m
Removal of MW For: 146m Against: 144m
Appoint DH Votes Withheld by PA, though it is understood it would have passed
Appoint PF Votes Withheld by PA, though it is understood it would have passed
Terminate deal For: 146m Against: 144m

Shareholders might well focus on insisting that the board accepts the outcome of resolutions 3 & 4 instead of hiding behind the technicality used to void them.

It is worth noting that Bob Foster used his 7 million votes in supporting Marcus Englebrecht and his criminal reverse takeover plan.

I'd also like to mention that Emma Priestly was effectively blocked from participating in board decisions by Marcus Englebrecht in July after she made known her opposition to the deal. Therefore the board outright lied when it stated in a subsequent communication that the board "unanimously supported" the Crusader deal.

[steve1905] 27/11/2017 10:25

Is there anything more uninspiring than the perennial failure's return? WTF happened with Altintepe Bob?

[juju44] 27/11/2017 10:11

Anyone who thinks bob coming back can help STI in any way is on the wrong planet

[romeike] 27/11/2017 10:06

@5huu It's none of your business but I considered selling, then decided I wanted to vote. As for why I continue to hold perhaps you should speak with the TSR guys about the TSR assets or maybe have a chat with Peter Gyllenhammar to discuss why he has bought up so much stock.

Perhaps if you had held and voted Peter Addison would not now be Chairman. Good luck with your investments.

[rjwoodrjwood] 26/11/2017 19:32

I honestly can't understand why they did not all go within a week, bring back Bob by all means . . . with a clearly defined brief (made public) and for a clear limited time contract, so there is transparency and clarity from the outset.