I'm disappointed to say that Ned has been looking after himself, in particular, and his mates in London.
He spent OUR CASH to finance, and make the move to London, knowing full well that the vast majority of Australian shareholders would not want to hold overseas shares. I have no doubt that the outlook for a successful move is still in play, but current shareholders will not be involved.
Thinksmart DID make a "profit", and have significant cash resources, but Ned decided to keep this for himself, and use it to establish himself in London. There were enough cash reserves to pay his loyal Australian shareholders a dividend, but he decided to treat them with contempt.
What a disgraceful way to exit Australia.
I sold my holdings today, but others can make up there own minds.
TSM Price at posting:
39.0¢ Sentiment: None Disclosure: Not Held
