extraordinary general meeting, page-68

Oh my word.

Tuesday is cards night and after a less-than-successful performance and a couple of glasses of red, I went straight to bed. Little did I know what was going on behind the scenes.

I guess my original post yesterday was in response to posters who are displaying a level of frustration about the lack of disclosure from the company. Hence my use of the term 'you' (plural) rather than 'we'. In a nutshell, I was suggesting that if you are unhappy, there are options available.

There is some obvious downside to calling an EGM but it also sends a message to the company that shareholders are growing ever impatient around a process that has now been underway for over 6 months. Centro PR is an absolute disgrace.

At the end of the day, the goal here is to get an update on what is happening behind the scenes on asset sales and recapitalisation and get a sense for whether indeed (as some posters say) the company has become a 'dog'. Given this, I think it's important everything is done in a professional, business-like and structured way. Not doing so could present reputational risk to shareholders (and the company) and the potential for ridicule from the media.

Seeing as I (inadvertently) started this, can I suggest I write to the company (again) outlining the discussion here and asking them if they are prepared to a) update the market on how things are progressing and b) if they can let us know of the date of the upcoming AGM.

Based on the response from the company, I suggest looking at options again. If this stimulates a market update, it would be a huge positive IMO.

How does this sound?