agm report, page-6

The AGM report was a re-Hash of all the diagrams and formulae designed to impress and confuse the average man in the street.Seems they don't understand them themselves.Suddenly they discover the formula they have been following is flawed. It wasn't flawed last year but in four months they are making enormous losses and the sacrificial lamb is the CEO.Maybe it was his fault and now its all going to be all right,come on.For something like this to happen the rot would have had to set in well before the last four months.
Directors Buying. $30k is a few months pay for the directors.How many times have you seen directors buy in this situation. They want to generate confidence in the company.Its up to you to decide what the truth of it is.How well is the Indian call centre doing. How badly was Brisbane doing. Why did they keep Brisbane in the first place. Have they been buying bad debt or paying to much for it.Seems so.
Falling out with JV partners. To many unanswered questions and obviously a lot of bad decisions have gotten them to this point.
RAB