RE: Bargin Bin HT, I agree that we do not know what the intentions of GW are at this point. They have indicated in their press release that they will provide a detailed plan once a meeting is scheduled and according to laws and processes in place. We have no idea of their average cost, we can speculate on scenarios but these are meaningless without the facts. I don’t see why GW would offer a cheap loan or backstop an offering when they don’t have respect for our current board.
I have serious concerns with the current BOD in that it took a fire set by GW to create any urgency in running a business or responsibility to shareholders. Years of poor business decisions by current management have gotten us to the situation we are in now. Graeme may very well pull a Rabbit out but I see no reason to applaud, this would not restore any respect or faith in our current leadership.
Looking at the press releases from GW and responses from Bioniche it appears to me that we are still seeing reactions from our current BOD that are self-serving and show no respect to shareholders. I want them to call a meeting and allow both sides to show us their strategies so the shareholders can decide. There are a lot of questions that need to be answered by both sides. As you say, “where the GW boys see the value”, why would McCrae sell AH when it’s the only money making division? And many more.
GW may very well be sharks, McCrae and his board may very well be sharks…… we don’t know and won’t until everything is revealed. Who knows, we may see a completely different scenario unfold as far what our board would look like. So let’s call a meeting instead of wasting what little cash we have on lawyers.