RE: RE: RE: I've just found ...Tellier made a couple of serious gaffs with purchases of auto trader and zip local. The company tried to buy itself an online presence and went overboard in some areas. They have had the good sense to recognize the mistakes and attempt to move past them. The banks were not impressed with the purchases and their outcomes and I think that, more than anything, is why they pulled in the reigns on the credit facility. Tellier has not done anything illegal but there has been some pretty cavalier spending at times and several key announcements have been made that he subsequently had to backtrack on.
I don't think Kitty actually meant for that post to be taken as seriously as it was. Last week kitty was posting gorilla pictures of the CFO. It's all in good fun and I think the board certainly needs a sense of humour at times.
Mark