Thanks
@mv123 i didn't realize Bacchus has been 'operating' out of London. A few people have suggested he's of value for M & A and maybe (like myself) they didn't realize he's been quite as distant. It makes the A40 fiasco seem more understandable now..total lack of due-diligence through 2 injections of circa $20 million each. I've watched a few media interviews of Mark Calderwood which makes the 1st big investment look reckless..and with A.T. in the back seat (at the time of the 2nd $20 million payment) it beggers belief that our chairman wouldn't have sat down with Calderwood who's a most unimpressive individual.
My biggest issue with this B.O.D. is the cozy relationship with Swiss Banks. Aside from the infamous short seller Credit Suisse 'analyst' being given the red-carpet treatment at our Investor Conference Calls (despite C.S. not owning a single investment share) we were also duped by a cozy 'surprise' strategic briefing at a UBS event in Sydney, days before some of us were booked to fly to Perth for an exclusive Strategic Briefing..with the cat already let out of the bag for UBS :/
The big question : why do these two Swiss Banks get preferential treatment over genuine investors like us..?..The common denominator is the secrecy of the Swiss Banks & the secrecy of our Galaxy chairman's regime. If the secrecy had resulted in a well-executed takeover of A40 we could excuse it..but it didn't. The question remains : where did that second $20 million go..as A40 was insolvent very soon after receiving OUR cash..into a Swiss bank a/c or two ?? Imagine if that extra $20 million had been used to take 20 million shares out of the short-selling system. Instead of being smashed below $1 to 81.5c our SP would likely be nearer to $1.50 right now..and the bar would have to be set MUCH higher, for any potential suitors scheming to submit a GXY takeover offer..and less stress for those poor souls who bought GXY on margin-loan a few weeks before Xmas.
I'm so looking forward to this AGM. GLTARH