Seems the banks have little 'corporate memory' as history provides many examples of handling such situations with or without fear, let alone with or without appropriate risk management strategies and the resultant outcomes.
Having said that it is now mid July and the directors made assurances to 'all shareholders' concerning news due in mid MAY. It's time to remind the directors of their responsibilities to all shareholders accordingly. The directors have been given far more than enough time to deliver in this regard. The ANZ mess will be ongoing for months and this excuse is now past.
Two months delay on sales, let alone two months delay on pricing news to shareholders is unacceptable; as is the two months delay on informing shareholders as to why sales have not happened if such is the case given that we were formerly told that demand outstripped supply by a big margin.
Is it EGM time?
Blastoff
SLA Price at posting:
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