Thank you Joelstar. I continue to hold because of the arrival of Messrs Quinn and Brazil. As alluded to in my previous rant, what is required within AMI is cultural change. Something has to be learnt from the Dargues debacle. It appears the due diligence was completed internally without an external review. A few hundred thousand dollars spent on an external review of the proposed purchase, including the due diligence, could have saved the company $200M. But it appears an external review was not considered necessary. Similarly, the failure to consult with the owners of the company (us shareholders) on the proposed purchase and even obtaining legal advice to confirm that they didn't need to consult. It's just bewildering. As I said, the culture within AMI has to change - bigtime.
Cheers Stretguy.
AMI Price at posting:
10.5¢ Sentiment: Sell Disclosure: Held
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