Phillip Kingston steps down from TGO
Trimantium GrowthOps (TGO) founder Phillip Kingston is stepping down from the company’s board.
In an announcement to the Australian Securities Exchange (ASX) this morning, the group – which now trades as GrowthOps and absorbed agencies including AJF Partnership and Khemistry – said Kingston’s resignation follows the “successful transition of the new board and management” which occurred in October.
Kingston has stepped down from TGO
“I continue to believe in the Company’s founding thesis”
The great problem was he was never ever able to articulate how TGO would realise that thesis. He just smashed some companies together, and then kind of hoped it would work.
Has anyone checked if GrowthOps is just filming a documentary? If this is a new reality series it will be fascinating viewing
Man creates business. Merges companies and lists. Mergers lead to redundancy (surprise). Business shows modest results as it pays down debts. Founding board are replaced. Cost controls implemented whilst revenue remains steady.
I loved watching the big short, but I might give this one a miss.
I kind of appreciate what this guy has done. He inserted himself into an industry he had no experience in, for the sole purpose of making some deals and taking his pound of flesh. Now he’s out after recruiting some board members he presumably thinks will try to make a go of it for a while. Can’t say I would ever have become involved in GrowthOps but I can see the beauty in what he’s done.
appreciate what he has done? All he did was acquire all these businesses in the hope that they would all work together?
Did it work? NOPE!
Why on earth did he buy APD? The 3 weeks clan are now gone…They’ve sold the Einstein salesforce option? Might as well just be AJF as opposed to GrowthOps that is a profitable business!
Sure…good on him for giving it a crack, but that’s something i would say to my pre-school child for when he comes to me with a drawing…I can’t see what you’ve done but hey, good on you for giving it a crack!
What I really want to say wouldn’t pass Mumbrella moderation policy. So what I will say is I feel really sorry for the staff of AJF and others. The owners made the wrong decision on how they could exit with a bag of cash. But it’s the staff who now have to work at what’s become a very embarrassing company.
2020:
29th January: Sargon Capital goes into administration
5th February: GrowthOps founder Phillip Kingston resigns from GrowthoOps board
6th February: GrowthOps announces to market that is is owed 1.8M from various Sargon entities.
13th February: Growthoops share price hits 6 cents.
4 cents