all quiet, page-11

"If they have the opportunity to make a profit and tighten the register they should. Passing an opportunity to do so is a very bad financial decision at company level and, for all shareholders. IMO whether they profit from it or not has no ethical effect to managements credibility"

I beg to differ. It contradicts these sort of statements in my view:

"Being in business is an opportunity to serve society – not an opportunity to exploit it" (Denis)

"First you must think about people who trusted you. Only after that should you think about yourself" (Vagif)

"As Directors, we must focus on maximising the value of the capital entrusted to us by each and every shareholder" (Peter)

I have no reason to doubt Denis and his team are doing the right thing. I have found them to be of great integrity in my past conversations.

Some here seem to think it's OK for them to take advantage of this situation at the expense of existing shareholders, many of whom have paid multiples of the current share price and have no means to buy-back in before ANZ settles.

We may be in the minority but we shouldn't be exploited is all I'm saying.