Ann: Receipt of Shareholder requisition notice, page-32

From this morning's Sydney Morning Herald (& I suspect The Age):

"ARCHIE'S REBEL YELL

Optiscan, "the wold leader in microscopic imaging technologies" has never been an investment for the faint-hearted.

Former executive chairman, Gus Holt, had such a microscopic focus on the business he forgot about the minuscule task of informing the market of his share trading - for two years or so.

Luckily there was not much to report.

By the time he filed in 2014, his stake had almost doubled from 5 per cent to 9.5 per cent, before hitting reverse gear and retreating back to 5 per cent.

In 2016 , Optiscan hit the big time - scoring a major goal with the recruitment of Archie Fraser.

Fraser's record as CEO of AFL team St. Kilda in the late 1990's speaks for itself. OK, they fell short. Twice. But this is the Saints, come on. He then went on to run the precursor to the A-League- also impressive.

Then in 2012, in what was a particularly inspired move, Archie jumped into the arms of Clive Palmer to run Palmer's breakaway body, Football Australia.

Let's not talk about that one.

So, Fraser joined Optiscan in 2016 and things have gone really well. The stock has skyrocketed, it is almost breaking even.

And Fraser declared "mission accomplished" in January this year -short of his seco0nd anniversary at the company and appears to have left with zero notice.

Nothing suspicious there.

Then we noticed that Fraser was telling his LinkedIn groupies that he still holds his Optiscan shares, and he has not actually moved on to another job.

It all made a bit more sense on Thursday when a bunch of investors clubbed together and announced plans to remover pretty-much the entire Optiscan board, including chairman Alan Hoffman. Two new directors are being proposed by the rebel investors.

One of them happens to be a former sports administrator turned business consultant by the name of Archie Fraser. Who would have thought? He is also one of the shareholders who has requisitioned the meeting.

As he told business news site *, last year "I have learnt from sport that you either play it or watch it."

Obviously, he's not prepared to just sit on the sidelines and watch this parlour game.\

He also said running a biotech is a breeze compared to managing the sporting worlds' big egos.

One out of two isn't bald, is it Archie?

On Friday evening the band of merry investors lodged a substantial shareholder notice saying they account for 13.4 per cent of the issued stock.

It is a long way from the number needed to successfully kno0ck off the current board, but getting St. Kilda to the grand finals in 2009 was no walk in the park either."



Apologies for any typos - in a bit of a hurry to go out.
MM