Baltimore chief challenges Acquisitor

BALTIMORE Technologies has challenged its main shareholder to come clean about its intentions for the company.

Speaking at yesterday's annual general meeting, chairman Bijan Khezri accused 26% shareholder Acquisitor Holdings of trying to get its hands on its cash pile and causing disruption to management.

"Acquisitor, as a professional investor, building a stake just short of a mandatory bid threshold, while rejecting the company's proposal for a share-buy-back authority on the grounds that the Baltimore stock is valued at a premium though Acquisitor continued buying since defies logic and transparency," said Mr Khezri.