THE SHORT END OF THE STICK
I would like to vent my very negative feelings with regard to Litha Healthcare’s actions over the past few months.
This is an operation whose management and product encouraged investors to believe that the company could well be a mini Aspen in the making.
A further encouragement of its potential growth was the fact that it entered into very long and ongoing talks with supposed BEE partners.
These talks were in fact logical as the sale of many of the company’s products would have been enhanced if tied in with potential State-driven businesses via schools, hospitals, etc.
In the wake of the never-ending “cautionary notices” that never provided much information to shareholders, we are suddenly advised that it’s proposing to delist at a suggested price of R3.90. This far off the high of around R4.55/share.
My personal opinion is that the company must advise why it’s proposing delisting. Or is it that in the wake of its BEE talks, there may well be very large future profits that it has no desire of sharing with public shareholders?