By way of an
announcement to the Australian Stock Exchange the Chairman of Cellestis, Mr Ron Pitcher, made known the following;
- There is a delay to the original timeline for the proposed Scheme of Arrangement
- There is a group called the Cellestis Shareholder Action Group
- The opinions and analysis of the CSAG are independent of Cellestis.
Whilst I have no problem with the points one and two the third gives me some concern, in particular this phrase
Cellestis has not been involved in any of the financial analysis, including any assumptions contained within that financial analysis, contained within information disseminated by any shareholder
When you consider that much of the "assumptions contained within that financial analysis" were extracted from Cellestis ASX announcements (eg the
2010 AGM presentation) then I am left wondering if Cellestis are now repudiating their own "assumptions?"
