Hey Van that AGM proved what we all knew which is Taurus have no regard for holders of RRP outside themselves. There was 1 answer to a question that showed such disrespect for others when they were asked about were the new board members needed and were the positions advertised to the general market if they were positions required. The answer was if you had enough shares you could nominate board members as well. GG’s response stank of were are bigger than you guys so we do what we want. Fare enough yes you can nominate a board member but the answer did not answer the question besides stating we own this and do what we want.
I have attended many AGM’s over many years and have never seen a vote not be voted by a show of hands and done so by a poll that was collected and counted later. Simply Taurus have the say and you could see how uncomfortable the independent board members and staff felt. Its a shame as operationally the business is booming and if RRP was trading we would all be better off value wise with high potential to grow the business further with a MD who really looks like he could deliver significant returns here for the business and holders. Chatting with some of the independent side after i felt there might be a chance we might see this trade again. I guess time will tell but all i know is i would never invest in any company again associated with Taurus or the RRP board members representing them.
RRP Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
