Thanks zoo for a comprehensive update from the AGM. Great to have forum contributors on here that were able to make it.
I must admit that the bloodletting today has not been as bad as I anticipated, but no doubt the brokers will be updating their EPS forecasts over the next couple of days and there is every chance there will be further pressure on the SP. Sellers outnumbering buyers nearly 3 to 1 at the moment does not look good. Right now I'd put money on us seeing the 60's again before we see the 80's.
I was personally hoping that someone would grill the directors over their lack of share ownership. Even when the SP fell to 25 cents a year ago, how many change of directors notices were there? Zilcho. Do we have the poorest (financially) board of directors of any ASX listed company or do they simply not have the faith in the future of the company that is constantly being sold to us?
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