fantastic summary Wads and i totally with everything you mention in your summary about including the lack of intent to make a good project into a good business the real question is why would they do it then?????
and that answer maybe found in the timing of announcements and ownership comparison top 20 . from my recollection I think VML provides a strong correlation. the use of a good idea and talking it up is about as far as these lightweights ever want to take anything as they still make a profit along the way and when they are finished the project good or no good is a financial basket case and rarely recovers.
the other major point of agreement and dismay in your summary is where are the regulators in all this. ? i know factually that they were all informed of the behaviour of the ex board prior to the AGM and there has been no action taken to sanction anyone or prevent it from happening again . truly staggering in its absence i would have to say
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