The following email has been sent to John Manusu today:-
Regards..............
"John,
Still no response to my email below?
Today's ASX release seems to have more questions than answers!
Please note the following announcements from NuSep:-
"10/10/11
John O'Connor
John has over 30 years experience in the financial markets. He has worked for and run a number of Stockbroking organisations, both in Australia and the US. John is familiar with the Biotech sector having worked with several Biotech companies including the Novogen group.
14/12/11
Quite simply, I believe that the Board of NuSep is very different to the Board of most public companies. Members of the Board of NuSep have a significant shareholding in the Company. Secondly, the Board of NuSep has supported the Company financially and participated in and underwritten capital raisings over the years. Finally, the Board and executive of NuSep have taken significant pay cuts when times were tough in order to help NuSep make it through these difficult times.
The Board of NuSep (ASX: NSP) wishes to advise the market that John Paul O’Connor has resigned as a director of NuSep effective 19 February 2012."
Interesting to note that John O'Connor had NO SHARES in NuSep which is contrary to your release of 14/12/11?
In light of the announcement today and the current share price I believe that you have a responsibility to the shareholders to have an update on what the company is doing?
This is an open email and is being posted on the Hot Copper website.
Regards
MEM Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
