You and I , obviously see being a SH in a publicly listed company very differently.
Whether I own 1 share or I own 25m the BOD of a publicly listed company have a duty to inform the SHs of it's activities in a timely and orderly manner.
When you publicly list and take money from buyers they become SHs in the company and therefore have rights under the ASX listing rules.
If you do not want to abide by listing rules don't list ...simple.
The SHs should always be an a major interest to proactive BOD and not a distraction for without them and the purchasing of the shares at the IPO the company would not exist.
I own shares in many companies and even in the spec area like micro cap mining stocks , I have never seen the like of what is happening with GMV.
You can look for the positives all you like , but the facts are GMV is 60% down on IPO price , it is suspended by the ASX for non responding to a query letter and every deadline has been missed , communication with SHs in non existent... I could go on but you get my drift.
I hope like hell that there is a result for SHs here but , imo , every holder should prepare for the possibility that this is going to fail and SHs will get no return. The possibility is very real and every SH should be prepared for that outcome.
I really hope that in due course you can call me out for being totally wrong.
