is monoco credible ?, page-55

Sad to disappoint the doomsayers but I think the outcome of all this will be much more mundane.

Monoco et all allege that BQT released the details of contractual information provided to the BQT Board without their permission and also allege that BQT is in breech of confidentiality undertakings in releasing details of the workings of the card system.

In regard to the first allegation, shareholders should ask themselves whether if the Board was in possession of details of what they believed to be a contractual agreement with Monoco Ltd and the Swiss Nexus Ltd (as opposed to the real bigtime one) then didn't they have a clear obligation to keep the market informed whether the Rhiando's were happy about it or not? Isn't that what continuous disclosure is about?

And with regard to the latter matter I understand BQT believe that they were completely within their rights to publish the material they published relating to the Card as this information is freely avaiable in the public domain on the rather amateur website of Monoco Ltd at www.monoco.org

Having looked at the angles (as BQT's lawyers are currently doing) I have no doubt that any rational shareholder, the ASX and the ASIC will believe that BQT is and was acting within the spirit and the letter of the law.

That does rather beg the question of just what the Rhiando's are up to.

texas5qld and others might better direct their attentions there if they playing the game and not just the man.

Brings us back to the heading of this thread.

I believe BQT have done no wrong as far as I can see.

Cheers,