Ann: Sale of Flamingo Ai assets, page-64

Seems that the ethical AI site has been updated - https://ethicalai.ai/our-team/

Lets reflect on section s182 of the Corporations Act

A director, secretary, other officer or employee of a corporation must not improperly use their position to gain an advantage for themselves or someone else.

I would argue that not only is this venture in poor taste and unethical as discussed on other threads, but is probably a breach of this duty.

• The site specifically mentions 'Some clients Dr Catriona Wallace has worked with' and I can see more than one that were disclosed as clients of Flamingo.
• 2 of the team members are ex-flamingo employees, to have them now both working for this private company for the "The Trustee for Catriona Wallace Trust" https://abr.business.gov.au/ABN/View?abn=79948681792
• The business offers an "AI Robot" whilst not the same as Flamingo's offer it is fruit from the same tree. https://ethicalai.ai/services/trinity-robot/

It isn't a case of 'sour grapes' because the Flamingo business did not perform - it is that the shareholders have funded these employees salaries & knowledge, development and know how of building a chat / AI robot, knowledge and IP around AI and now that is being harnessed in a CW's private company.

Why wouldn't the 'Trininty Robot' and this advisory service be offered as part of Flamingo AI's offering? Might have doubled the receipts of 34k for the last quarter and increased the value of the company under this sale arrangement.

I actually got in to this stock really late and hold very few shares, mostly picked them up to follow progress of the company so I am not exposed, but for those posting with large losses find it hard to swallow that CW takes no responsibility and is promoting her new venture.