Completely nailed it PS, this deal has always been an absolute dog, with only one FMS shareholder reaping the benefits!
IMO the Company Secretary MUST GO as well as I believe she was only enlisted to get FMS delisted. While all three mentioned remain in FMS there can never be any TRUST WHATSOEVER therefore they all must go immediately following the undoubted "AGAINST" Vote coming their way at the EGM.
Board Member and Executive Team renewal is an absolute must in order to begin the very long road to minority shareholders TRUST in these people being restored IMO.
Your suggestion of a locked in stone upfront payment and a substantial Royalty Based Deal is the only way forward, as we have told the existing Board continuously since the first round of briefings meetings because we minority shareholders have absolutely NO TRUST WHATSOEVER in our very own Board or our major shareholder.
The lack of attendees at these current meetings shows what huge contempt minority shareholders have for this deal and in fact it is my very strong belief that most have already voted "AGAINST" this one sided deal.
The next step must be to put FMS into "Care and Maintenance " until such time as an acceptable offer is tabled. Maybe a good idea might be that when the Board do any more "Listening" meetings with minority shareholders THEY ACTUALLY LISTEN and then action those suggestions for the benefit of ALL SHAREHOLDERS!
Unlike our major shareholder we are happy with a "Fair and Reasonable " deal for all minority shareholders.
This is in no way advice just my simple thoughts and I urge you to DYOR.
FMS Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
(20min delay)