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ATC 11.5¢

new fnt update

  1. tebley

    156 posts.

    This update just opens up an even bigger can of worms. Has the delay always been due to FNT vendor wanting terms changed or did it relate to provsion and confirmation of information by FNT vendor as previously reported by the company? The announcement makes no reference to having received this information by the FNT vendor. So if they are proceeding without this information, why wait all this time? Why didnt they announce a XGM at the end of November to keep the 31/12/02 deadline valid?

    The announcement says that the IER will be circulated to shareholders together with a Notice of meeting, but does not SPECIFY WHEN!

    Why need a COO when effectively the FNT vendor will remain and continue running the calling card business?

    Why all these appointments regarding investor relations. Do the directors realise that if they got the company cash flow positive in the timeframe they said it would happen and finalised the FNT transaction when they said it would happen would mean that shareholders would be HAPPY and as a result no need for investor relations staff.

    All in all just more CONFUSION...more promotions...more appointments...yet where are the RESULTS!!

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