Ann: Notice of Annual General Meeting/Proxy Form, page-5

The issue of writing off the costs has been dealt with.
It is the obstruction of a Director by another member of the Board when Lev Mizikovsky was a director and rightly questioning the cost and long development time of the CLH major software system. The software was taking an excessive amount of time and cost. My understanding that the system has its faults.
A director is right to question these issues. Read his comments in his letter verses the legalist response written for the Board by an expensive law firm. The Board should be getting on with making sure the profits flow so that the share price gets back to over $2.00, not defending what seems to be to be the defensible by spending probably another $20,00 plus on likely legal costs (partners and associate rates $600 per hour and $500 per hour.)