Ann: iM3NY Credit Facility Update, page-146

FFS stop this diversion - i couldn't give two hoots about these individual legal proceedings.

need to stick to the facts

why does it look like investors were misled with ANN's and important ANN's regarding progress not put out when projects ceased (martec/F1/Dubbo battery/NY bus thing - the list goes on).

why oh why did management take the word of Shailesh (if that is what is now being pushed) when such a large investment was being made in the IM3NY JV. Surely there would have been sufficient red flags to know that something was not right. Investors got the impression that all was in order and yet appears that things were not right for a long time!.

and to point the finger at shailesh when management being paid big bucks to run MNS in SH interest well that just is poor form - does not pass the pub test IMO.

management need to be accountable if they did just accept his word as it should have been obvious to them that things were not stacking up ages ago. and they should not have released ANNs that purportedly indoictaed that all was in order - once certification received we have such a long list of customers lining up - BS!!

ANYHOW lets stick to the facts and not be diverted with all this other irrelevant crap about court actions - management need to take responsibility for what is occurring as it has happened on their watch and they were paid big bucks to manage the company - and just pointing fingers now just does not cut it!! all imo