I have a small holding in OBJ. They just announced that they are searching for two additional directors. They have too many irons in the fire and are actively looking for directors with different skillsets.
Wouldn't it be nice if XPED didn't have to be dragged kicking and screaming to the same realisation that the board needs to be strengthened?
What a few weeks it has been. I had a phone call from Athan Lekkas, in which he said something relating to the CN capital raising which I would like to share but won't. I have had two phone calls from a shareholder, the second of which asked for a list of names and holdings in Growlers' List. Made me very suspicious of the motives.
In response to a letter I wrote to Chris Wood, I received an email marked Confidential. I would like to share some of its contents, which were designed to clear things up but cannot due to the Confidential nature of the email.
I did reply with the following, however:
"Unfortunately in my quest to raise funds for cleanupthebombs.org I borrowed money on credit cards to buy XPED shares in my SMSF. Thought I was being smart as my modest SMSF is in pension mode, so no tax on profit. Thought I had found the stock to multibag so I could donate more to charity. See cleanupthebombs.org
Currently with the disastrous SP of XPED, the value of my SMSF is significantly less than what I owe on credit cards, on which I am paying high rates of interest. As our home is in my wife's name, suing me would only serve to bankrupt me, which is something still on my bucket list, although not something I had ever anticipated."
Make of all this what you will!
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