I, like you, would expect nothing less that honesty and openness from any Managements and Boards with any listed company that we've put our hard earned in to.
Unfortunately though, for one reason or another that doesn't seem to eventuate in 100% of the time and we, the shareholders, are then left holding the baby.
As to how we have managed from going like a good wind on the prairies with a lot of future in front of us, to nothing more than a pile of ash in such a short period of time, that is totally beyond me and I am at a total loss.
Anyway, the "AGAINST" votes did what we wanted to achieve and it got up, even after many begging from both our Chairman and the MD/CEO in consecutive days, and also during the Company presentation at the EGM.
Interestingly enough though, I wasn't aware that we owned quite a few subsidiaries (8 of them I believe) and that they haven't been handed over to the Administrator either. It is also interesting to see that the Boards and Directors therein, they have still retained their positions in those companies.
Were you aware of those subsidiaries.??? And, I also ask to you as to why these 100% owned subsidiaries haven't been handed over to the Administrator as well if we were in such a dire strife.
Finally, if those companies haven't been handed over to the Administrator IMHO it would mean that they are okay. So, were those subsidiaries going to be handed over to SGH as well if they were successful with the SoA.??
I have to admit that I am now more confused than ever before.
Buddy134
NXS Price at posting:
1.3¢ Sentiment: None Disclosure: Held
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