This is not the fault of Crown Ocean but of the bastards who have been grossly overpaid for destroying value at Bowleven (BLVN) - the team let by piggy in chief Kevin Hart. As I reported yesterday, disgraced CEO Hart may have been booted off the board by shareholders but he remains as CEO and is still running the company on full ( unjustifiable) pay. This is because Crown has 2 directors but the old regime still has two men on the board and the casting vote with chairman Mr Allan. Thus there is no change of personnel at Bowleven or of strategy. This really is a disgraceful way for directors to treat the folks who own the company - shareholders.
on ShareProphets | CommentsFiled under: