Dear DnatronI believe the Directors could have bought a lot...

Dear Dnatron

I believe the Directors could have bought a lot more. One view is that they were hurting as much as anybody given their large respective interests in the company. Alternatively, it may simply look bad if they really had bought a lot (perhaps creating a buying opportunity for themselves).

Given the shock, I expect it will take a few months to recover unless there is a near term hostile takeover attempt.

Generally, I believe it is correct to say that this business should be properly valued on international comparables not anything in the Australian market if the company were to be sold.

The Board would need to look at all alternatives including privatising the company with existing shareholders, private trade sale or the much discussed Nasdaq listing.

The elusive sugar daddy is in reality just a short term fix to the shareprice when the Board must focus on their end game.

Regards Eos