Originally posted by charlie.boy
It is excellent to finally see shareholders taking action. I hope that you achieve an palatable outcome.
I am intrigued as to why the media have been so silent on this - the AFR primarily. Here you have an investment manager with two ASX listed LIC's in suspension for an ridiculous amount of time because of a myriad of related party transactions, and retail investors face losing their investment in its entirety and there is next to no media coverage.
Where as Goldsky which seems to have no retail investors or indeed domestic investors gets the front page treatment...
I know that with some publications in my industry (IT), you can approach them and pay them to run an article for publicity. It's essentially an advertisement dressed up as a news article. Imagine if you operated a publication that published articles such as this. Would you feel inclined to run a scathing legitimate journalistic article on one of your loyal paying customers?
I don't know if the same thing happens in the finance sector, but I have noticed that all of the articles I've seen on AFR & SMH (both owned by Fairfax Media) have been generally positive with regards to the pirate band, while the Courier Mail (owned by NewsCorp) seems to be the only one willing to report on the blood in the water.