agm - loan notes & voting

Since the company seems to hold shareholders in utter contempt, perhaps its time ordinary shareholders sent them a message instead.

If your able to vote, I suggest voting against all of this years AGM resolution.

I see the loan note issue, up for approval, already has a provision attached to it, which would allow the director's to vary the conversion terms to 4 shares for each note without it requiring ordinary shareholder approval !!

This took me by surprise, the "funds raised from this issue are being used to accelerate drilling activity at Northern Star and the Northern Extension of Southern Star, as well as working capital;"

Really, so $4M is going to do all that, yet the company needed $23.5M in 2013 to complete just 5.5 wells!!

If cash-flow and everything else is so good from these new wells why the hell are they needing working capital. The spin doctors are at work again.

There comes a time, when you've tried to pull the wool over shareholders eyes once too often, Antares you've reached that point.

Pity I don't stay in Perth Australia, because I know where I would be on 14th May.

LOTM