Well Datadotters,The Takeovers Panel has vindicated what a...

Well Datadotters,
The Takeovers Panel has vindicated what a number of us thought was misleading and deceptive conduct.
Unfortunately the order that half the cost of the procedural wrong is to be borne by both the company and the directors who made the transgression is in my opinion insufficient. Not worth a song and dance about however. The main thing is these characters are on notice that they are under notice and had better not try this or similar conduct again.
This matter will however likely affect investor sentiment and consequently our smaller shareholder positions – possibly negating the previously imminent upside that was inherent in the technology and properly thought out strategy.
I will take up my entitlement in the shortfall offering that will soon be made and urge other holders to do so. There is unfortunately a little more risk now than in the initial offering due to the damage that has been done by these recalcitrant directors who should be looking at the ball and not just their own gonads.
The recalcitrant directors know they are under scrutiny and will be severely restricted in trying such things on. The next AGM should be interesting if not an earlier meeting that calls for their resignation and replacement by directors interested in furthering the company’s interest and not their own.
If you want something done Team Up, Get In and Get Dirty- (the soil from toil type).
Happy(er) investing
Jo
Not investment advice just voicing of disgruntlement and letting others know that if we are active we can change things.