Werty,The reason I vent my venom on this mob is that they are...

Werty,

The reason I vent my venom on this mob is that they are responsible for very significant losses of investors funds (including mine) which should never have occurred if they all had acted in a transparent manner and run the operation as a publicly listed company should be run. It was treated as a personal fiefdom by some, its capital management has been nothing short of disgraceful right to the end (refer my comments on its position at 28/2/2008 ie broke and this has nearly occurred twice before) crap governance, lousy compliance record and completely bushwhacked by Kiernan just as they were turning the corner.

Some of the board and its employees have worked very hard and deserve far better than where this is going to end up.

Trouble is that too many directors in lifestyle companies walk in and out raping and pillaging shareholders and a glove is never laid because ASIC are completely p*ssweek, the Corps Law does not offer shareholders much protection and the ASX seem to think compliance is restricted to issuing speeding tickets.

Hopefully by exposing some of these goings on, investors may at least be in a position to have some knowledge of the form of some players and make informed choices about who they may entrust their hard earned money in future.

It would go without saying that there a couple of players here who would not get a cent of mine again.

There are other posters here who have a pretty fair idea about what has gone and where the responsibility for this debacle lies. As I said before it was all avoidable, but sadly it will all be over soon and Kiernan will get his way.