At yesterday’s general meeting in Opticom the British investors Keith and Fussell regained control over Opticom and Fast Search & Transfer.

Opticom owns a significant share of Fast Search & Transfer, the Norwegian enterprise search company.

The general meeting was scarred by a lot of quarreling and childish games, all part of the overall power struggle between Keith, Fussell and the Fast leadership on the one hand and various “rebels” or “pirates” on the other. There was a fight on the presence of the press, and then on the agenda.

Fussell managed to move the election of the new board before board leader Anders Eckhoff’s presentation of the board’s evaluation of the present crisis.

Fussell became the new board leader based on 8 million against 3 million votes, mainly because of stock recently acquired by Fast. Robert Keith was promptly brought back into the board.

Then Fussell stopped the presentation of the evaluation report, and the new majority went as far as turning off the lights in the room when Eckhof tried to present his findings.

According to Eckhoff Fast had denied the previous board access to relevant emails. In the report the board also questions large amounts spent by Fussell and Keith on representation and travel expenses, as well as various loans.

The return of Keith and Fussell at the helm of Opticom means that Fast CEO John M. Leirvik can continue his plans for Fast Search and Transfer, and a take-over by a foreign company is less likely.

More on Fast and Opticom at Pandia:
Fast Search and Transfer takes control
Will Fast Search & Transfer be sold?
See also:
Slo av lyset og gikk (Aftenposten)
Opprørerne knocket ut (iMarkedet)