You have to ask yourself the question why are all these staff and clients leaving if Chris and the current board are doing everything correctly. Since the departure of Jack and Peta it looks like the majority are jumping ship.
If we have lost Jacobs why hasn’t this been announced to the market? When they came on board it was announced. If this is true and they are no longer on board in my opinion we have been mislead and should be able to take relevant action.
When is the company getting the payment of the 29c partly paid shares. There is a large payment due there that would assist the cash position. How they are going to recover this payment is beyond me.
Has anybody got any information on where FIL stands on all this. Are they in support of the current board or not?
If the board is going to be spending shareholder money on legal/court costs I expect to be informed in greater detail on what is happening in the background.
MEB Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held