Hi Greg,The suggestion that decision-making processes might not...

Hi Greg,

The suggestion that decision-making processes might not be motivated by an alignment with shareholders' best interests is very disturbing and quite jarring to read. Obviously I have no idea whether or not this is correct. Your opinion is more authoritative and likely to be true than mine.

Would it be possible to give LaserBond the benefit of the doubt and say: they have a lot on their plate with the Gateway acquisition, overseas recruitment of new staff, QLD expansion and USA site. Maybe they decided they are fully stretched financially and with their focus, and could not take on another major project. Again, I have no clue. I'm just wondering if that could be the case? Or if a decision was made after the meeting that the opportunity was too risky, or simply not right for LaserBond? Perhaps all this happened three or four years ago when you were at the company, rather than in the previous few months -- long before the current projects began. I wonder what explanation LBL would give. Maybe the two directors simply blew the opportunity.

"The CEO" would be Wayne, which would make the person conducting the leadership training, by default, a family member of yours as well I note you did not suggest the training was unnecessary, or of poor standard; only that it was conducted by someone close to the CEO. Given the LBL ownership structure and, I presume, family control of the company, it could make sense that a family member (also a senior manager?) would be in a position to conduct training of junior staff at Smeaton Grange. I'm not trying to excuse poor practices. Only to fully understand what happened. Surely you're not suggesting leadership training shouldn't have been conducted? If it was USAID-type $5 million training on interpretive dance in Botswana....different story entirely!

None of what you wrote sounded good (which was probably the point in writing it!) and I am not trying to start an argument or show disrespect. You clearly know the company, engineering, and the industry a hundred times better than I ever will. I am only posing the question if a more innocent explanation could reasonable here. And if we were to get a more nuanced version (and hopefully we will) from the company there may be another side to all of this.

I would not be against a comprehensive review, as you suggest.

Thanks for your posts and words, Greg. And all the best. I hope you take advantage of this share price weakness and top up your holding