Ann: IDX: Lapse of Capitol Health Bid, page-23

What a complete debarcle this has been. I can see the merits of the attempted acquisition but the execution leaves a lot to be desired off. You would think that the BOD would not burn through 7 million or so of our money unless there was a concrete plan in place and a very high chance of success. As it stands, from what I can see it seems to have been more of a make it up as we go and hope for the best. Did they really think the IDX BOD were just going to roll over? I could have advised them better and would have charged them a lot less than what they paid.

Ironically, all this has seemed to achieve is make IDX stronger (with a nice increase in their SP) and CAJ weaker (with a not so nice decrease in our SP) making us an easier TO target. I half wish some mob would come along and take out our BOD before they concoct another money wasting scheme. If they want to waste money the least they could do is pay some huge dividend they can not afford. At least the SH would get some benefit so it would not be a total waste.

Anyway, maybe DT’s sabre rattling is working because the Chinese are mumbling something about opening up their country for better trade conditions to outside companies (first the car makers and now the banks....). Maybe this will flow on to our attempted JV in China’s health sector, and speed things along a bit. One can only watch paint dry for so long, before the fingers get twitchy.....