Ann: Quarterly Activities Report - Period Ending 31 January 2019, page-8

Gogo1

If that is the case, that should be a red flag for ALL shareholders.

If you get a discount, that implies preferential treatment and problems with INDEPENDENCE.

In addition you pay for what you get. Remember, a legal firm is a business to make a profit. Realistically, is Dr Giles saying Arion Legal is turning away full paying clients to work at a discount on HAV's behalf?

External audit firms are notorious for underquoting on audits to get a foot in the door. Invariably, they make up that discount by the massive amounts of consulting work (due diligence, tax advice etc) from their consulting work that dwarfs the audit fee. This is a huge concern for that industry, again because of the issue of INDEPENDENCE.

With his foot in the door, Mark Stewarts' legal firm (Arion Legal) has the potential now too make money from asset transactions, similar to the fees Arion Legal made from the Portia/North Portia divestment.

DYOR