Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Two days ago financial promotion and cash guzzling uber dog Defence Holdings (ALRT) announced a related party deal which stank more than the Neill Ricketts' collection of used Gloucester Rugby Club jockstraps as I explained HERE. The shares tumbled in response so today there us an RNS Reach, an open letter to shareholders from CEO Andrew Roughan who joined just at the year end so we have no idea of how well he is remunerated. The ShareProphets translation service, in bold, is provider below.
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