Oh I have read the releases and even made the trip down to Hotcopper to read their threads.
However, it strikes me as odd that once Alan and the new board joined a cascading effect has occurred with the share price tanking. It started with that very odd announcement of a rights issue, that was then retracted.
Alan has known Meridian for a very long time, is this a coincidence that he is added to the board after Meridian becomes a major shareholder, Dean is voted off by Meridian and things go down hill from there.
EOS is also related to this crowd and had several meetings with Meridian, they probably jump in after Meridian forecloses on the assets.
The very short period of time this all occurred should make us all question the relationships. If I were Alan and found myself in a shitstorm I would have resigned and not bought those shares.
So again, where did that money come from? Is he getting a sweet heart deal from Meridian or did they funnel the money to him so that he would gain the credibility to get this done.
I find it hard to believe that the previous board would be able to run the company for 7 years and then suddenly have it collapse without a little help.
Just an observation though, someone who just joined the forum a few days ago might be better informed, perhaps even being part of this little adventure?
