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  Sunday, 30 March 2003


Management buy out of Domainz revealed
David Farrar has posted that a number of staff and directors of Domainz are proposing to make an offer to purchase the company. The interesting side of this is the CEO and the Chair are both on the Domainz Future Taskforce (aka the Selling Domainz Taskforce).

The Taskforce has recently completed a valuation, which the members of the taskforce have had complete review of. I trust now that all documents that the taskforce members have seen todate will be released to any bidders. If not it makes a mockery of the process, as the CEO and Chair have been privy to key documents.

Another issue is the CEO, Chair and another director planning to make an offer are still in the 'day to day' of the company. Now, I would have thought it was prudent that the two directors resign (or at least alternative are appointed), as almost EVERYTHING the company does, for good or bad, will impact the sale price.
10:26:50 PM      Like to comment? []



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