Graal left with major headaches after fishy business

The company's directors are surprised at Guz's accusations since it was his company, TAG, that participated in the negotiations with Kordex. However there appears to be some bitterness in the air as the negotiations ended in failure and the representatives of Kordex refused with work with Mr Guz. Talks were only resumed after Mr Guz had resigned from office. His resignation means that the number of Graal's supervisory board members has been reduced to four people, which is below the minimum required by law. As a result, the company is now unable to assess its business operations report, financial reporting and proposals to distribute its 2005 profits. As a result, Graal will have difficulties preparing for the general shareholders meeting, which is scheduled to take place in June. (Parkiet, p. 5; Puls Biznesu, pp. 1, 8). M.K.