Fully snookered. Failed to adhere to his own self imposed, repeated deadlines. Fascinating however noting the associated entities under the SSNs for 8/16 and last week. Even more fascinating to see how many of them are (could be) popping up in AHF. Even more intriguing the no association with the "construction" company yet in August 2016 Michael was a director of the entity concerned. The point of all this - known associations, undisclosed known associations, etc.
AHF is not the only area of interest. TAU is of interest as well, if only because of just to what depths TAU has itself now plumbed. The financials there will be equally as fascinating within the next few weeks, but no where near as fascinating or intriguing as what AHF's operational cashflow report and the interim financials will soon show up.
Any discrepancy no matter how minute as been the strategy announcement and the operational cashflow /interims, will be near on fatal to Michael and his entourage.
Indeed, having strung shareholders out regarding the strategy announcement but then failing to announce other things such as completion of the land acquisition, etc means that Michael's got some serious corporate governance risks, many of which, he and his team are unlikely to satisfactorily address.
No strategy announcement within extended time, by today, translates to fundamental business and governance failures on the part of Michael and his cohort. But then again, as the song goes: "freedom comes, freedom goes ......". Time is now ticking, loudly. And it's all self inflicted, self made and self assured, on the part of management, the board and the controlling executive management.
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Price($) | Vol. | No. |
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0.140 | 460127 | 9 |
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