It was only a one liner in 01/10 release. The allegations against ZZ and Mr Ma are serious. I literally only clicked yesterday when I read the AFR article. They are both listed in the top shareholders (I couldn’t figure out how Ma landed on the list). To me it raises serious questions around corporate governance. How was the DD done on ZZ? What are the exact terms for the allocation of the options, is the milestone on a cash basis? Are the $8m announced through ZZ entities realised? And more importantly, is there any crossover between the EVS China team and the PET team and are any of the company’s funds not under full control? If so what’s the oversight? Etc. A statement to shareholders wouldn’t be out of order to clarify. There is still a lot of goodwill banked in related to China. Guilty by association is never a good place to be either.
EVS Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
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