Ann: Board and Management Changes, page-6

Presume there was a lot happening behind the scenes with the unconsummated, unfinalised and leaked RRL takeover proposal. The leaking and publishing of that information should be investigated in the first place to find out who was responsible and who if anyone may have profited from the confidential information and the leaking thereof. That’s where jail terms need to be imposed if people are found to have used this information in inappropriate ways.

Secondly, it did seem like an untenable situation where the board and major shareholder couldn’t align on their views about the value of the project.

The new board will have to perform and prove their worth in the eyes of the major holder and all holders now and even on behalf of the shares held by the outgoing directors as they would be stupid to sell at this valuation and they know it. Esh