gone on wednesday, page-4

EzyDVD was signed in September, with an agreement to source content and market the service via its website.

If I was a cynic, I would think that EzyDVD has dragged its heels in order to;

a) get a handle on the "how to" of a digital business
b) through inaction, ensure that the SP declines
c) through (b) ensure that investment is difficult to find

The current board has been extremely lax in putting all its eggs in the EzyDVD basket, particularly when there seems to be no activity. It is not surprising that RMA or its subsidiary are going into Admin - what is surprising is the lack of strategic planning by the board.

In the three months since Wilshire has been appointed CEO we have seen;

a) No strategic plan announced in any form
b) No visible signs of completion of EzyDVD
c) a decline is SP from 2.5c to 1.1c with a suspension and rumours of administration
d) further rumours that EzyDVD is looking to acquire the RMA shell "on the cheap" - when Zavos himself is a director (and presumably doing a deal with himself)
e) no directors on the current board having any ASX/Pubco experience
f) the CFO & Sompany secretary resigning, with no replacement
g) Wilshire making vague statements to the press on cost cutting and office shutdowns, but none as yet done some 3 months later.

If you ask me, its burnt toast. Move on guys, theres nothing here other than a cheap shell for EzyDVD that looks like it will be done on the QT without shareholder involvement.