Ann: Relisting Update, page-6

Pity the M&A obsessed incumbents ‘running’ this cosy fiefdom seem to think they know it all claiming to be business turn around specialists. Look at the reverse of recovery, the virtual insolvency for this almost subsidiary of HNG under their watch and yet propose more M&A for the turn around to profitability in addition to extended payment terms with trade creditors at the same time.

And, also unbelievably they’ve promoted AN1 online discount sales of their core products while at the same time are out of stock of 90% of the categories.

Their recent wayward ann is consistent with the need for a clean sweep. The ASX must allow reinstatement by June 2025for holders to sell at any price to crystallise tax losses and forget about this nonsense and the cohort of lost souls.