LNU 3.13% 3.3¢ linius technologies limited

Time for new management

  1. 107 Posts.
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    Firstly, let me be clear that I believe LNU has a long runway. I believe in the tech. It has a lot of potential to disrupt large industries.

    I don't however think the current management is the right mix. rather than harp on about the negatives, I'd rather point to a recent example in ESH (Mogul). ESH recently revamped its board and management by signing 3 internationally experienced and renowned directors, including replacing their CEO.

    What ESH delivered in the short term, was international coverage, an increase in long term shareholders, and most importantly 3 directors with proven experience turning startups into unicorns.

    IF LNU has the technology to disrupt billion-dollar industries, as they are highlighting in their recent update (today), then imo now is the time to bring execs on board with proven experience in achieving this...There are many very successful organizations in the video and search space that potentially have execs who could be swayed to join.

    Yes, it will cost LNU shareholders through dilution, but A LOT has to go right for LNU to succeed, and the longer the current management takes trying to generate sales, the more capital they need to raise (meaning dilution anyway).

    I'd feel a lot more comfortable about the future of LNU, if we had an executive team with proven experience from Google, Youtube, Bing etc...

    Currently, here's the extent of the executive team (taken from the Sep 2019 investor presentation).

    https://hotcopper.com.au/data/attachments/2477/2477279-5926eee11e8502b97d35ca1d050dc982.jpg

 
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