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BTA 57.0¢

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

  1. bwana

    5,437 Posts.

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

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


    .....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 ! !


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