Patrick Groves is an original founder and largest shareholder. He was appointed to the board after the AGM, but has now been appointed chairman. He obviously feels that FDV has lost its way and needs more immediate direction from him.

Shaun stepping down is a big one. This feels like a busted thesis, but I need to digest a few things first. There's a long handover, this isn't an immediate step down. And the fact that Groves is stepping up makes this interesting. I'm guessing a sale is imminent or it's about to be taken private. Groves has a long history of starting and floating/selling companies.

The shares have already tanked with the initial news, but this isn't a go to zero scenario. I didn't get out at 0.265 this morning so I figure I've got a few days to mull this one over without losing much more.

Thats a thesis killer for me.

Leadership risk now looms large, despite the stop start of success and failure with FDV and its underlying regions and companies.

*pulls ejection handle*