News: SIG Australia's Sigma Healthcare board admonishes API takeover bid, page-5

Thanks Gilly. I appreciate your posts. You sold out at $0.59 cents last December and advised novices like me to do the same. I should have taken your advice, as it's always well informed. Remarkably prescient in fact.

So here we have it. Our intrepid CEO and Chairman say that the API offer is not in the best interests of shareholders. They have suddenly identified $100 million 'cost efficiencies' for the business over the next two years. Further, our CEO says he's happy to be held personally accountable for this decision.

Great. Then let's hold you to your word Mr Hooper, if it's worth anything. And you too Mr Jamieson. How about you both have until the end of 2019 to show (1) an increase in Sigma's share price and (2) an increase in dividends? Otherwise, you both resign and hand over to API's management. If you're both so confident in Sigma's future, you would put your jobs on the line.

But you won't. Because you must know that what you say publicly and what you deliver are poles apart. And that's what makes me confident in my judgement: your record dear sirs, your record. I do not have any confidence in your public utterances. I purchased my first lot of Sigma shares at $4.88 on 14 March 2002 so I know all about your deplorable record and vacuous promises.

Let's be honest. You have put your own jobs ahead of the interests of shareholders. That's the sad truth.

Stand up and deliver Messieurs Jamieson and Hooper or RESIGN. You've got until the end of the year in my book.

Prove me wrong and I'll gladly apologise. Unfortunately, I expect the share price to continue to slide. It's already slid 13.9% ($0.61 to $0.525) since you announced your great confidence in Sigma as a standalone business.

I'm holding in the hope of a revised offer from API. Please accept it! API is a better business with far brighter prospects than Sigma. I for one would be happy to be an API shareholder. It's time to move on gentlemen!