Ann: Important Shareholder Information Update with Link, page-40

Please refer to my reply post to rileybro which preceeds this one. Note the extract of the announcement in blue text.

Mr. McGlinn could not have "elevated himself to the position of EXECUTIVE Chairman" as it would need full board approval and I doubt the board would allow him to cast a vote concerning his own future. So I feel it likely you are misguided there.

You wrote: "There was never a need from my perspective to have an MD and an executive Chairman." In that case isn't that something you might take up with Mr. Welker? Likewise the matter of salary and options.

You wrote: "so there is a big difference between what Mr McGlinn did and what Mr Teo did!!" In both cases the appointments had to be made by the board. I'd suggest they didn't personally 'do' anything in the manner you imply. For that to happen the rest of the board would need to be 'puppets', including Mr. Welker, there in name only.

Wasn't the name change made during Mr. Welker's tenure as MD? Wasn't "Ten Sixty-Four" a name originating from and used in connection with Mr. Welker's business interests prior to the aquisition? Wasn't it Mr. Welker who provided guidance as to the significance? That it required board approval is a requirement of company regulations I assume, so who's ever idea it was to effect the change was committing the company to the work and costs involved.

You wrote; "It appears to me Mr Glinn is running X64 as a private company as he has complete control of the board and management" Of course you are entitled to your opinion but I feel that you need to support that with some solid evidence for it to hold water.