bull optimism and 11th hour hopes of a back-up plan provide...

bull optimism and 11th hour hopes of a back-up plan provide nothing but speculative distractions in this forum

what counts - and it is the only thing that counts - are signatures on documents, money in the bank, and this Board doing in fact what they say they will (while hopefully not giving the company away)

until then we are simply left in the dark, wondering if this Board has failed its duties towards owners, and placed all of our money at risk or worse

as for speculation about Friday's meeting - well they equally could have been with the company's lawyers clarifying whether the company is technically insolvent because the captialisation plan has failed...

point is, the majority of owners just don't know what this Board is up to

i increasingly return to the view that company of ours is in the wrong hands - it was good for so long as the product required further development and precision engineering from a devoted few; but here, on the cusp of major commercialisation, they increasingly stumble and falter

we can only hope that one of the big majors simply stops wasting time, and simply acquires effective control of this ship before it is too late

i am over the old arguments about keeping this in Australian hands, because Australia just doesn't cut it in the heavy business of international arms trade, so why is anyone thinking ths Board can better the Boards of the majors with decades of experience and contacts extending to the corners of th globe, let alone the political connections required to get things bought by governments - our ultimate end user

this product needs to properly go into the hands of the military complex, which means it needs to be acquired by one of the majors

sometimes the best decision a business man can make is knowing when it is time to hand over control to others better placed to move a project securely forward

i don't see a safe appreciation of this fact with our current Board

good luck