If the response to the ASX is to be believed, then he has failed miserably in his duty as a director to keep his fellow directors informed of the Reveal approach.
It seems incredulous that he would have two discussions with Reveal and fail to inform his fellow directors, even if briefly over email. Keep in mind Rubinsztein himself is a director.
For this omission alone, Bleich should immediately resign.
If the statement to the ASX is indeed correct, why was Bleich approving the CEO's on market share purchases at this time. Did he not think that it would be prudent to at least warn Rubinsztein to stop purchasing shares given the Reveal approach?
The response to the ASX only raises more questions - none of them with happy implications for Bleich or Rubinsztein.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)