The only large shareholders who I know are mad are the Blakes, and now we know why,
Important Update from UNITH Board of Directors
Dear Shareholders,
I hope this message finds you well. I am writing to provide a brief yet comprehensive update on some Board developments within UNITH. Please be assured that these events are independent of our day-to-day operations, which continue at full capacity under the capable leadership of Idan and his team. They remain focused on delivering our digital humans platform and progressing with the self-service platform soft launched before Christmas.
Key Update: Request for Board Member Resignation
The Board, in unison with our executive management, has requested the resignation of board member Matthew Blake. This decision comes after a series of events that began in the spring of 2023, involving Mr. Blake’s insistence on excessive travel expenses to visit UNITH's European offices, and his reluctance to adhere to appropriate governance standards expected in a public company.
Background and Concerns
Simultaneously, an issue surfaced with NVISO, a private company in partnership with us. In 2023, following a takeover, NVISO's new management pursued aggressive tactics to secure investment from UNITH. Our thorough due diligence revealed material risks, leading the Board and executive management, except Mr. Blake, to vote against this investment. Alarmingly, Mr. Blake maintained communication with NVISO's management and other third parties involved - and leaked sensitive UNITH information.
Subsequent Actions and Current Situation
In response to our request for his resignation, Mr. Blake, in collaboration with NVISO management, attempted to displace current directors and spread misinformation among shareholders. Moreover, the proposed replacement director, linked to NVISO, has not provided credentials for evaluation which raised concerns about potential conflicts of interest and misguided use of capital.
We have identified discrepancies in their filing, including inaccuracies in shareholder information, and are working with legal guidance to address these issues. If a valid filing is submitted, it may lead to a General Meeting to decide on the Board's composition.
Commitment to Transparency and Governance
We are committed to maintaining the highest governance standards and will continue to update you on these matters. Our focus remains on steering UNITH towards positive growth and upholding our values of transparency and ethical management.
Thank you for your continued support.
Regards,
Sytze Voulon, on behalf of Justin Baird, Scott Mison & Idan Schmorak
Non-Executive Chairman
Unith Limited
The Blakes must have a larger stake in NVISO than in Unith and so didn't care about hurting our company to fluff up theirs.
JBR is likely Blakes dad.
I'm going to assume the blake's no longer hold a large amount of Unith and were very likely the ones selling on some of our notably odd trading days.
So far, everyone who believed JBR was behind something more sinister can sleep well knowing they were correct and Idan is a tough CEO (ex military usually are), who stamped this out as quickly as possible.
JBR will go unscrutinised as they would have made a fake account that never links back to themselves.
This I hope sees some ASX investigating that leads to some prison time for the Blakes and for JBR (likely the same person).
MMM
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