Administration, page-77

tt2000 did Not shut down trading of AZZ shares.

AZZ management did.

What tt2000 did, was to ask about details of the "supposed" deal which had no conditions precedent.

This is something somebody would have asked, sooner or later.

Anyone could have - brokers, retail shareholders (which tt2000 was), institutions or news organization or ASX/ASIC.

What we don't know is whether others like Institutions had also asked these questions.

What we do know is tt2000 declared he had asked.

Maybe he was the first, but I doubt he was the only one.

Perhaps if he did not take credit for it, none of us would have been wiser.

Remember this, all management had to do was release the name of the buyer (which we now know was unlikely to have the $250M for the deals).

They could have been done in September, when oil prices was in high the 40s.

They could have been done in December, when the deal collapsed when oil prices was in the high 30s.

Remember what we were told - instead of being told the deal had collapsed, they stated the buyer had asked for extended timeline!!!

Here is their statement to the market on 1 December 2015:

"Antares Energy Limited (ASX:AZZ) advises that the proposed closing of both Purchase and Sale Agreements has not occurred today in Houston, Texas on the 30th November 2015 as contracted, due to Antares having received a request for an extension.

The Board of Directors is negotiating amendments to the transaction documents and will advise of the outcome of negotiations as soon as complete."

Well, were anyone of us advised?!?

Well, we had to wait until March to find out - and it was only because of pressures from Noteholders which extracted the information.

Otherwise, everybody else would have been kept in the dark - like they have been for the last 6 to 9 months!!!

This is the kind of Management style we are dealing with!!!

You have to remember, retail shareholders are Outsiders and management are the "insiders".

We won't know anything unless they tell us so.

That's why the law requires management to keep us all informed about such material event!!!

Well, we weren't - we were just a doormat and a rubber stamp!!!

And if management treat shareholders like a doormat and a rubber stamp, then sooner or later, the company is doomed.