Back to the focus, page-4

Hi secondsight

While I share your frustration and appreciate your opinion,I tend to see the last 18 months differently.

1.
MB shuld never have been brought to Anteo
He cost a lot of money. For What?

2.
I do think that the T/O of Diasource was a correct decision.
Anteo has been around for about 20 years in various guises and was going nowhere.
The decision to buy Diasource was taken by the Whole Board after very lengthy deliberatons.

3.
Bergen is a lender of last resort.
Anteo is a compnay closely held by individuals ,Not institutions.
The trouble with this is that there are only so many times you can tap individuals for funds before the well is dry.
To be fair to Bergen they did sell down in an orderly manner
After seeing the RM mess they would have been justified in dumping the lot ,on the spot.

4
I do believe that Jeff is the right choice for CEO
He has far more business than the rest of the Board
Others have had the position ,but could not get traction ,even over an extended timeframe.
Some see his being based in Belguim as a negative.
But in these days of phone hook-ups the Board can,and does ,meet very regularly.

5.
Perhaps now to ponder a different scenario.

THe T/O went ahead as planned
The Board set the price of shares for vendors at 15c
They were able to raise funds at about this level in March/April 2016
Anteo would have the funds to pay for Diasource.
And we would be lauding Jeff as he savior of the company

BUT it never happened because of the actions of ONE director


6.
In 32 years of investing I have never came acros a situation where so much damage has been done (inadverantly) by one person.
Despite the fact that his intention was to help the company , the result was the total devestation of the S/P
And resultant inability of the company to pursue R/D
And the loss of many Shareholders life savings.

Because of this I see it as intolerable that we have this person on the Board.

RM You are Fired

RB