Good news but not surprising re Alan Stein pulling out; he's no fool. I couldn't see how Mr Yenbamroong could hold together the ticket for his proposed new directors, when they saw how he operated.
In these subdued times at least he's making some work for the legal profession. Apart from:
* the Default Notice from the Manora Operator,
* the Default Notice from TAP regarding his withheld payments to them;
* his proposed replacement directors' ticket falling apart while he asserts his superior management capability to that of TAP,
he's now facing a Supreme Court action in WA contending abuse of a statutory process under Australian law.
Not a good look for someone who's claiming he will show us a better future for TAP. Perhaps we should be thankful he has just been a critic and hasn't rolled out his vision for what he would do with TAP.
TAP Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
