I don't think Ananda is the problem. I don't think he needs to go anywhere. I also don't believe he has purposefully misled anybody either. He answered my request by email last Monday to call him on his mobile which he answered promptly and answered each of my questions to my satisfaction. He knows I'm not a witch hunter or blame thrower. He knows I'm a supporter of the Thred acquisition and have genuine concerns over the delays.
The question that has to be asked I think is:
Why would current PRA director Hersh and then Jason from Celtic invest over $100k each into a black hole?.. Doesn't make a lot of sense to me. I doubt it's to soften the blow to retail investors if the ship sinks.
Hopefully we are now at the tail end of these delays and we can start looking forward to a successful Prospectus issuance, raise and re-listing. Yes it's Feb so either way we will know soon enough. Keeping in mind there was likely a six week period over Xmas and new year where key people would have been out of office..
We are on shaky ground no doubt but I'm more confident now than two weeks go that they will get the other foot through the door to re-list as THD.
I'll save the blame game for if and when the deal falls over though.
PRA Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
