1. Most Discussed
  2. Gainers & Losers
BTA 57.0¢

chairman's response to b'shop. needs to do better

  1. bwana

    5,427 posts.

    following is my reply to bta chairman's recent letter to holders ! !

    khan must fell he is being flogged with a dead sheep !


    begins

    .....you will need to do better than this if you are to see off b'shop.

    a lot of their points have merit , escalating directors' fees are a disgrace given the company's performance so far . biota is indeed on the list of asa's worst run companies , and its performance in the sector is near bottom

    it is pitiful at the rate mulloy is being paid that he has only just recently bought a miserable 10k shares . not a resounding commitment of faith .(nor is his decision to live in the states, if this is correct , likely to impress shareholders )

    there is no point in banging on in general terms that khan is this or that , or this or that is illegal .
    give us something concrete ,

    in what sense are his claims incorrect ?
    give us the correct version

    which of the resolutions are invalid ?
    tell us why ! ! !

    it is not enough to expect retail shareholders simply to take your reassurances on trust .

    if khan is as bad as you say have you informed asic?.

    if his reputation on the mart is bad , give us details of the companies he has been involved with in the past so we can research for ourselves . provide some details of bigshop's performance , cashflow , share price history etc. tell us specicically what is wrong with the offer so we can be convinced that free options are not worth accepting . after all your /executives directors are quite happy to accept huge levels of free options from you , while they draw down on the company's cashpile and contemplate asking shareholders for more ! !



    ******************************************

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top