Listed Techs
Save Volante Group sells and urges Commander action | Save Volante Group sells and urges Commander action |
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| by Stan Beer | |
| Monday, 20 March 2006 | |
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The anti-Volante management investor group, which called itself Save Volante Group, has urged telecommunications equipment supplier Commander (ASX:CDR) to take action and "to seek the truth" when it arrives to take up its position of the new owner of IT services company Volante (ASX:VGL). In an open email, the Save Volante Group said it had sold its shares to Commander. "Now that we have signed over our significant shares to Commander, Save Volante is no more. The least Commander can do when they arrive is to justly seek the truth from the engine room of Volante, its faithful employees, who made Volante what it was the last 7 years, before its demise." So far more than 10% of Volante shareholders have signed over their shares to Commander at the offer price of a total of $1.15 a share. |
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