Vimson deal done at a huge discount right when the BoD need votes to keep Rex.
Is this just a coincidence of timing?
We still haven't been told why the placement at a huge discount. This will have to be revealed at the AGM.
If it was just for votes ,then one must ask why is it so important to keep Rex on. Is he in key negotiations for finance that can't be revealed at the moment? I doubt this.Or is there so much to hide that a new chairman would uncover and show how incompetent management have been?
With SMS very much involved in this project one would think they know a lot more than us.
I am hoping we are all wrong about the Vimson deal being done just as a blocking vote. But if this is the case I think the BoD is treading on very dangerous ground and could call for some sort of enquiry.
Anyway let's hope all is revealed this week so as we can move on with this project.
TNG Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
