Ok, I have been out of the loop for a while - but here a a couple of genuine questions:
1. After the bail out in 2004 why was the company not more accountable to the shareholders with regard to profitability?
2. Now, prior to ceasing operations, more cash injections were requested to keep the company afloat. Why was this so sudden and the request made too late to save the company? Why was this lack of profitabilty not obvious to shareholders much earlier?
3. I saw in the Dominion Post today that Mike Pero was offering to buy the freight operation. It mentioned he had a 25% stake in the company. Why get burnt again and again? Surely he would have abandoned the ship long ago at the first sign of trouble? Or is he attempting to buy into the only profitable area of the business to recoup losses?
So many questions and so little bandwidth...from an outsider I can't see any logic in how it has all unfolded with 20/20 hindsight of course!!