Forum Archive Index - May 2001

["Tony Frodsham" <frodders@hotmail.com>]

What does the Board think of Levison's resignation as Executive director of 
Spectrum?

The market seems to like the idea - price up 6% today.

Interesting to see how the resignation was reported in the NZ Herald this 
morning compared to the actual NZSE release yesterday.  The Herald mentions 
that Levison was the chap who "transformed" the company from mining to 
technology.  As a former Asian Minerals investor I'm sure the WelTech 
acquisition had gone ahead before Levison was hired?

The Herald also quotes Levison as saying that no further acquisitions were 
on the agenda.  However the NZSE release has the Board of SPE confirming 
that new opportunities for investment are being explored.  Seems a bit 
strange?

What doesn't seem strange is the Board's comment that a replacement will not 
be sought.  So much for Levison's talents being "under used".  What has he 
actually achieved during his time with the company?

As a SPE shareholder I look forward to an improved direction from the Board, 
more frequent information releases and a tighter cost structure going 
forward.  I still see a lot of upside in SPE as Weltech/Kinetiq becomes more 
visible throughout North America.

Thoughts?

Tony



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