BWN 0.85% 58.5¢ bhagwan marine limited

questions re proposed bwn board, page-9

  1. 4 Posts.
    Thanks for that but still my question remains un answered. which is still my worry- capital raising is not easy for juniors since the stock market downturn so do you think in the absence of an advised business plan that these these directors seeking election really do have funding locked in in the event of their election?.
    Or are they just hoping that when elected they can go to the market and raise funds and if so then that raises the question "What would happen if this contest ended in a fight and investors scared off" and now I learn ASIC might be involved Goodness!.
    I see though, from going through the announcements yesterday, that since listing that the board has had a couple of "speeding tickets" from the ASX and when Nichol was around churned through a number of secretaries, maybe five,have had three registered offices, a couple of chairman's resigned, breached listing rule 7.1 etc all at a time before Bhushan ended up in having board control and mostly when Nichol was at the helm a lot of the releases had to be corrected also. Anyway I have made my views known; no one has reassurred me outside of the existing board that funding is coming; I have made my point, the meeting is coming up and the result will be interesting
    Hopalong.
 
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