Ann: Chairman's and Managing Director's letter to Shareholders, page-30

I probably wouldn't be too harsh on Marty in this instance. Marty is in the US looking for a new role. You only have to look at his LinkedIn profile to realise that his priorities are elsewhere. Wonder who can guarantee his tenure as a consultant? As soon as he gets another job, he's off. I strongly doubt that he wrote that piece and probably saw it for the first time when it was released on ASX.

What is telling is that there have been several announcements over the last few months and have always been signed by the Board. Now you get an announcement from Marty. And Peter Hunt, who has just arrived appears to be restructuring the company. Even though he is a non Executive. Like it or not, the one person who is trying to remain invisible here is Lekkas. This is the point whereby the wheels start turning to apportion blame in a direction. And so, while the Managing Director has been reporting to the CEO, which by the way is not normal practice, and has remained silent over the last months, he again becomes visible, almost as though he has been steering the ship and will inevitable be the target..... Someone needs to take the blame.

In the end, the law views the entire Board as being complicit. Something I suspect that neither Marty nor Dr Wenjun Sheng may actually be aware of.

@Deltawiskey's latest post really hit the mark!