Should we be worried?

From cover letter to ARL Annual Report 2015;

“ This confusing situation is unlikely to be repeated in the future.
It is a consequence of the decision by the previous board to delay
and reduce the capital return that was approved by shareholders
and that fact that these decisions were made close to the end of the financial year."

Always a worry when the Successor starts rubbishing the Succeeded.

Well Messes Craig, Woollard and Sergeant;
with the old board we may not have had to struggle through to the next ‘financial year’.
And we would not be going out of our minds trying to figure out the
real point of “200 for 1” [old: 980,558,167 / New: 4,902,791] share shrinking exercise
you are now imposing through proposed new constitution via motions 4 & 5.

And we have been warned:

“In theory, the notional market price of each share following the consolidation
should increase to 200 times its current value. In reality, the actual effect
on the per Share market price will depend on a number of factors outside the control of the Company… “
----------------------------------------------------

And does this sound familiar to Dennis and Chris?
Parallels with MFS offshoot back in 2008 - '10 episode.  
"ASIC: $2 million (fraud recovery) not worthy of our efforts”

Business Review The Australian
ASIC didn’t pursue HSBC case
Corporate regulator ASIC was alerted over a year ago to a HSBC financial planner
who siphoned millions of dollars in customer funds to a friend’s offshore entity — but chose not to act on…….

Read more:
http://www.theaustralian.com.au/sub...tory-fn91wd6x-1227577677751&memtype=anonymous

Regards,