SOC

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9.0¢ soco corporation ltd

Ann: Notice of Annual General Meeting/Proxy Form-SOC.AX, page-3

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noairbags

3,372 Posts.

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28/04/16

21:00

Post #: 17625442
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Originally posted by Dazedandconfused ↑

Reading through the set of resolutions .... it looks to me the GTT boys are hoping to set SOC up for their usual RTO operation .... ratify previous CR's .... grant about 100 million options to themselves .... increase the amount of shares they can issue ... change the auditor... and since the meeting is to be held in WA, change the location of the head office....

How exactly they intend to run an exploration of East Coast assets from WA is anybody's guess. For instance ... what is Michael Leu going to be doing??... flying to Perth every other week or are they going to put him up in some garage or broom closet somewhere in Sydney. Seriously ... how can the chief geo be on top of keeping the tenements in good order, applying for Govt cooperative grants, supervising any drilling that might actually be done without having a suitable office space to operate in? [Just perhaps ... the plan is to get rid of him as well?]

Share holders in this Co have consistently been played for complete passengers on the SOC bus ... both by the previous management and now with this one.

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What is really intriguing for me is the allocation of options for Directors...... Masses of them and they've only been there 5 minutes!

Why?

Increase in overall directors fees, 50% increase. Why?

No plans for the company communicated.

Come on, out with it?

SOC Price at posting: 0.3¢ Sentiment: None Disclosure: Held
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Last 9.0¢		Change 0.000(0.00%)		Mkt cap ! $12.50M

Open	High	Low	Value	Volume
9.0¢	9.0¢	9.0¢	$7.5K	83.33K

Buyers (Bids)

No.	Vol.	Price($)
1	5882	8.5¢

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Price($)	Vol.	No.
9.5¢	25000	1

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No.	Vol.	Price($)
1	5882	0.085
1	30000	0.082
1	127500	0.072
1	15888	0.063
1	200000	0.062

Price($)	Vol.	No.
0.095	25000	1
0.098	22205	1
0.100	20000	1
0.120	12545	1
0.125	67500	1

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Ann: Notice of Annual General Meeting/Proxy Form-SOC.AX, page-3

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Ann: Notice of Annual General Meeting/Proxy Form-SOC.AX, page-3

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