Ann: Takeover update , page-18

Everyone keeps bringing up the poor history of this company. They made some very poor decisions that hurt shareholders in the past.

For instance: they almost adopting Dr Starr's software in 2003 instead of putting every cent they had into adopting a satellite only business model.

Thank goodness Starr was thrown out - his company now sells sports drinks and dog food? Am I misreading this? He also fronts a credit card processing system for an overseas company. All done out of a suburban residential address. Seriously?

Does he work in his pajamas?

What happened to the multimillion dollar software system Starr wanted Multimedia/NWT to adopt? Why hasn't he gone into business with that? He wanted shareholders money spent on an idea he hasn't been willing to back himself?

His takeover statement CLAIMS he has significant funds to invest. Why not invest in his own ideas?

This poorly executed hostile takeover bid reeks of hidden personal agendas. Once it is put to rest NWT can get back to working on the maiden profit that all their current financials are pointing towards.

I would hope ASIC will order Starr to the naughty stool when his bidder statement hits - he needs to learn tantrums are unacceptable behaviour.