Hi merz ... however this works out I reckon you are setting a brilliant model for others who are hurting on how to pull through.
FWIW I think it’s a great idea to draw as much media attention to the situation here - win or lose - as possible because it is relevant in a number of ways.
On one hand it’s just another speculative company in administration
.... but on the other Altura is a star.
The classic “Little Aussie Battler”.
- so it may have made a mistake with those 15% interest notes but back then the market was booming and, more importantly, a potential sale ( to JRO ) was in the wings. ..... A sale that was nobbled by Chinese power plays.
...and everyone makes mistakes?
If it was me I would track down this lady;
- the elderly widow who used to prospect with her husband up amongst the Pilbara pegmatites and who made an hour’s journey with her Zimmer frame - despite age and infirmity - to attend the last General Meeting.
She has been a shareholder for years
Her name will one of the few on record from that meeting and I am sure Alex will remember her.
..... If there is a clear and genuine purpose/goal to creating a media focus I feel she would be an ideal figurehead.
Then .. when that us in place - with AJM approval - try to bring on people like Mike Cannon Brookes
See here:
Not quite where his focus is but Altura Product is one of the basic building blocks to the world he envisions.
Pull out the recent Guardian story on JB ,...
and more.
Then target Australian Super - sleek and flash as dear old VW on the outside but look what it is trying to do here - betray the little Aussie battler .
Last year it made headlines all over the place for being so ‘woke’ it was refusing to invest in ASX 200 companies with boards that did not include at least two female directors.
What about it giving some indication it is truly awake to these times rather than being tokenistically there in a media-attention grabbing way?
we’re all in this together?
I posted this on PLS already but here it is again
(20min delay)