Update request12 Dec 2025 07:44
I’ve been requesting ABH to update SH and the market. It has now been some 16 weeks since his “coming soon” statement, and almost TWO YEARS since we were expecting the licence payment, which, in all honesty, is utterly ridiculous, embarrassing and simply, farcical.
Seemingly ABH still has ‘no control’ over this situation or when the buyer announces our deal, or in-fact when we receive the licence monies, but what he does have control of, is the company website!
Therefore Whether people choose to believe what ABH writes or not is their prerogative, but as spokesman and NED, ABH has an obligation to update us on where things currently stand with the buyers and our licensing payment. It would also be informative and beneficial to hear the company’s position on the legal challenge, why there has been no third party verification produced or proof of $50m escrow monies —especially since the claim against ABH and the company is anticipated to be lodged in the coming days/weeks.
I do understand there has been extensive contact between ABH and Mr Cotter, but sadly for all shareholders, it seems egos remain in place, causing SH further delays and expense.
Will legal action unlock this situation? I never thought it would be necessary, but here we are and maybe that’s what is now needed!
For the record, and after all the ‘red flags’, I still firmly believe there is a licensing deal with Johnson Controls International and a commercial transaction with a large American healthcare company, which will eventually conclude in funds being received —but sadly, no one knows when!