Hi All,
MFS has still not released the notice of requisition of meeting to the market, saying it is "taking legal advice as to the validity of the calling of the meeting." At $500 per hour minimum for Legal Advice how much is this exercise costing shareholders.
This is no surprise. MFS Board has never been terribly open or honest on the information it releases to the market and shareholders have been screwed as a result.
eg. Level of Debt and Type of Debt
Fortress
Significant MFS Shareholdings under Margin Calls
The Market Value of the assets it has bought
MFS Trust Us ASX Announcements. We know of no reason for the fall in the value of MFS shares.
The market clear knows more about the Company than the Board does.
MY VIEW
The sooner the Chris Scott team is in control the better.
Enough is enough!
regards
Phil
MFS
mfs limited
