No party, page-284

While NOV is still on the hook to fund the Neo bank the SP will continue its slow but inevitable train smash.

Time for a clean out of strategy and senior team (Board and CEO shouldn't be spared its their "Growth - Strategy" after all - IMO nothing else will result in a re rating and will be fire sale before end of year.

The biggest fear is they will attempt to leverage what cash value still resides in NOV ( liquid Reckon shares) and either sell of use as collateral for the Neo Bank funding (needs $100m to change to full license, and needs a partner as can't hold more than 25% of shares based on my reading around the subject)

Share holders need more a say

Its too late to get out but that doesn't mean we should have a say in the future direction of the company

Expect a "Strategic Advisors" have been appointed to review the business announcement soon (ie we are looking for a sucker who will but us?)

We don't owe the Board or Mr Cook our support any longer, we cant agitate for change as Small share holders but hopefully the institution will / are