Ann: Restructuring Update, page-4

The Beard fiefdom built up the unsustainable business model via their questionable M&A ‘growth’ nonsense then they blame the insolvency on nothing specific yet their own mismanagement is the root cause for the restructuring. Shameful.

Karen departs employment as CEO yet continues via her same private consultancy business on an undisclosed fee basis.

What’s the point of the grand restructure for them to only HOPE for a moderate profit down the track? We know from this mob’s pathetic track record that it will fall apart and end up with yet another trial and error attempt.

. Let’s face it AN1 is a mere satellite of HNG’s throw of the dice M&A quicksand business model. A likely end game is the Midkine royalties eventually only survive as a spun off asset of the HNG cohort and a AN1 share price of 0.001 ahead of its demise. Shameful!