Hi Bullwinkle1,
I just sent an email to CFO/Co Secretary Marcel Brandenburg requesting they remove the 'annual AGM question seeking to authorize the Board to issue up to 10% of the shares to raise Capital each year. (see below).
Clearly most shareholders Vote YES to every question by default - despite my intense explanations that voting NO would benefit all shareholders more than further dilution.
I hope more direct action, contacting the CFO/Co. Secretary may get more traction.
This is what I sent tonight:
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Hi Marcel,I’d like the Board to remove the ‘’annual request’’ at the AGM for authorisation to raise up to 10% of Number of Shares - or similar, you know the question to which I am referring.We long term Holders are looking for Capital Appreciation, rather than dilution.Thanks for your time.Best regard,( [email protected] )Dan WilsonQFA - Stockbroker - Derivatives -- Debt Management Services -
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