RE:RE:Interview with Dev RandhawaDev is trying to wash his hands clean of what's to come. He's avoiding responsibility and trying to place the blame on retail. It's true, FCU and DML should have merged but the terms he negotiated only served his interests and those of DML shareholders. FCU shareholders were sold out but the takeunder by DML was the lesser of two evils.
bulava wrote: Thanks for the interview,
ceo.ca - and good work on that live chat of the shareholder townhall.
There are a few interesting quotes in this interview, especially this:
“I know retail people want a takeout, but they’re dreaming because there are no buyers. Trust me, I’ve gone to Paris and met with AREVA, I’ve met with every senior, large company out there, even companies like Teck, who could do an open pit. … unfortunately the market sentiment is against you. “The big boys understand that there’s nothing you can do about market sentiment.”
Not sure if a CEO should be admitting this openly to the market? At least its being honest?
The other quote making the analogy about 'going to a party' isn't very professional for a CEO to say in an interview, is it? Otherwise, nothing much too new in the interview, except the reference to possible financing. Just in opinion only.