It would have been easier if JM had gone but he offered to resign so, that he's still there, is a board decision.AIM stocks have been right bummers this year reemphasising that tax benefits never improved a company's prospects!!.They simply mean that the management,directors get a better crack at the end of the day.That's meant to be motivational for them while giving us an added attraction to invest in the unproven and untried.Of course,the AIM market is changing its spots tho'.For example, can the Chancellor have forseen that Youngs Brewery would delist from the full market and relist on AIM for inheritance tax reasons.Probably not.
That others might have done worse than JM can in no way exonerate his behaviour.Let the punishment fit the crime perhaps but the fact that jerks in the USA have done worse does not make the stupidity of JM more forgivable.Hey ho,i think the reticence of some to buy CBM because of the Finance Director's dealings will be offset by takeover rumours.I think it's evens this stock will be taken over by next Xmas.