It would, I think, be a mistake not to talk to Alan Brierty, and...

It would, I think, be a mistake not to talk to Alan Brierty, and his wife. A fifteen minute conversation should allow a suitor to either purse the matter, or walk away.

Alan ran the company well until it floated, then he took his pile of money and dabbled in that puerile activity that his namesake, Alan Bond, indulged in, serious-money yachting. The two CEOs that followed in Alan's footsteps failed, and the current CEO was left with a disaster - his hands tied by debt and a dearth of funds. The weak point seems to have been poor cost management, evidenced by high headoffice expense, and bidding too low for work. The low bidding may not have been generic, but it was crucial in the one large project that lost $22m that is the main cause of BYL's current pain.

As at 30 June 2016, the shareholdings of holders linked to the name "Brierty" held 31% of the shares, with no other holding making up much more than 5%.