The Chairman's address contains the statement:
"Over the last 3 months the Board has battled vigorously . . . for the survival of the Company, as others around us crashed."
Shades of:
"The boy stood on the burning deck
Whence all but he had fled."
The Chairman cannot be referring to the share price crashing, because ADY has well and truly crashed.
So he must be alluding to the fact that large numbers of listed companies have crashed and been delisted.
Is this in fact the case on the ASX? Anybody got stats?
Ann: Chairman's Address to Shareholders , page-39
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