OMG! Thanks tsuba but that’s only a third of the story (i.e. the...

OMG! Thanks tsuba but that’s only a third of the story (i.e. the Board’s current formal status). From what Maria has told you we should worry even more on account of her apparent complacency with the daily illegal sp manipulation and her seeming naivety about opportunistic low ball bids even though one against her company is probably in play.

With due respect what you were told raises more questions and answers little. For Maria to tell you “ there are no takeover discussions /plans whatsoever by the board or management “ , has no full bearing on the sp rigging, the destruction of shareholder wealth and the concerns behind multiple complaints to ASX and ASIC.

The main event probably unfolding with the sp manipulation is the high risk of an unfriendly (presently unknown to the Board) part bid around 40c per share. Of course the sp would rise with a takeover offer. Was Maria’s advice to you of that meant to be of comfort?

So the CEO’s reassuring message is with the sp at record low 25c it would rise on a takeover; say a bid at 40c the sp would rise 60% from 25c to 40c or even 100% to 50c is NO reassurance. The sp 18 months ago was 8oc and analysts have it at $1.30 to $1.68.

Whilst not shooting the messenger here, your breaking news of Maria’s “cofirmation” is valuable for the worrying insight it gives about our CEO seemingly being out of her depth in the circumstances and oblivious to a probable plot being illegally hatched to sieze control of the company she leads.

This is clear evidence that other Board members need to be contacted to step up and call on the CEO to take appropriate defensive action as previous outlined.