Wot I tend to agree.
All the chat on here about it being STX fault is rubbish. STX directors have no duty of care to TPD shareholders, that is the job of TPD directors.
So are we to believe that TPD directors have just taken what they have been told by STX directors and not applied any duty of care to interrogate the information and come to their own conclusions. If they have not done that then this is negligence.
I do not overly mind apart from:
- We were told porkies re capital raises,
- We are told porkies re timing of Waylering ie cash flow and hopefully share price increases.
I have made investment decisions around these announcements. If I had know they were untruths I would have had different timing on my investment decisions.
For these untruths and lack of duty of care the our directors are negligent. Not STX fault !!
In the alternate our directors did investigate which means they are just dumb.
Just my opinion.
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