Good gosh, these direct quotes below from the ASX announcement...

Good gosh, these direct quotes below from the ASX announcement are alarming.

"Dr Moriarty had no relevant involvement in subsequent partner investments in Silicon Aurora."

"share price was nearly 33 cents in February 2021 and under Dr Moriarty's leadership it fell to 12 cents in June of the same year (when he gave notice of his intended resignation from his position as Executive Chairman, and stepped back from executive duties), a fall of 64% in four months. The share price has substantially stabilised since that time, and whilst the Board acknowledges that the current price of 8 cents is low, the ‘free-fall’ that occurred under the former Executive Chairman cannot be ignored."

"Dr Moriarty resigned as a Director and withdrew his meeting notice. These processes cost the Company well in excess of $75,000 in legal fees and valuable Board and management time, and they are all a direct result of Dr Moriarty’s actions."

"The Company is taking steps to investigate the legal implications surrounding compliance with requirements concerning market disclosure in the context of Dr Moriarty soliciting those proxy votes.

c. The present EGM requisition will see the Company incur costs well in excess of $100,000 and the further diversion of management and Board time"

”In 2011, Dr Moriarty was the subject of an EGM calling for his removal as Executive Chairman at the last public company he ran. The company, Terramin Australia Limited (ASX: TZN), subsequently announced that Dr Moriarty had stepped down as Executive Chairman and intended to retire from executive functions. The request for the EGM was ultimately withdrawn."

"The Board has undertaken a search of the ASIC register and notes that Mr Burdon does not currently hold any other company directorships. It is not apparent to the Board that Mr Burdon has the skills required by well-governed, listed company Boards in order to ensure the Company's ongoing compliance with ASX Corporate Governance Principles."