Ann: AHI Letter to Shareholders, page-51

For crying out loud, you were wrong about his bankruptcy and ATO. It has nothing to do with AHI !!
and to say he's stepping 'from one grey area to another' is sheer nonsense. what 'grey area' are you talking about? his bankruptcy you've already admitted is legitimate tax minimisation.
As for all the yapping about him being a 'shadow director' and attracting the Regulators; again, sheer nonsense. Catherine states clearly she consults with him about the strategy of the company. He's a legitimate head of strategy. what on earth are you going to bleat to the Regulator about?

These little character assassinations of Vlado based on total ignorance of bankruptcy law and on his ATO debt are totally misguided. Yet attract a chorus of down ramper hyenas every day.
I've seen dishonest snouts in the trough but he is not one of them. Just had real bad luck with timing and external events.

I look at the way the stock is behaving even on this long downward trend and I see it still has a spring it its step. It's tough losing big chunks of money for a long period but when this happens I look at the fundamentals and reasons for it. Am satisfied the reasons are external and this will recover.