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Octain I truly hope that what you say will come to pass for this company. Its terrible to watch a once great Aussie company slip below the waves.
Shares in Hastie not so long ago, were over $5 and even as the price fell no changes appeared to be made to management or structure to stop it falling further. Even at this late stage the only changes made appear to have been the CEO,CFO head of Hastie Services and a member of Lazard appointed to the Board. I have based my feelings on information, limited as it is, released by the company and that information has caused me considerable concern. Just what a review of its Australian operations reveals is yet to be seen.
We are just about into January so bear in mind that it is nearly twelve months since Hastie put a trading halt on their shares. Just how patient do you think I should be?
Didnt ASIC take action against the Directors of Centro for breaching the Corporations Act by signing off on financial reports that failed to disclose billions of dollars in short term debt? This would be why that management changed. I would hate for the management of Hastie to change under the same circumstances.