Ann: Intention to Make Takeover Bid, page-112

"So Germinder’s argument about running the company more successfully privately opposed to publicly listed is a real kick in the guts comment to shareholders and of coarse he will say what ever it takes now to devalue the company for his own gains."

or the original statement "Kin Group considers that success for Pact is best achieved under private ownership without the additional costs, market volatility and complexities of being an ASX listed company"...stating that the reason of the business not doing well is because of it being on public market rather that how it is run and business performance being the way that it is.

Does it insinuate that if it's on the ASX and half owned by others, it will not be able to do well until kin group own majority of it privately?...Sounds very interesting