Just had the Computershare phone call, unlike yesterday, the caller spoke with an Australian accent & was clear & determined in the message he relayed.
Used the following (may be paraphrased as these were from my notes) : Used the word Opportunistic at least once in the prepared statement That requisitioning members were not prepared to pay a premium Will stop momentum - disruptive Small group of only 5 shareholders with only 8.9% of the vote Don't have the skill set required Throwing away long term excellent relationships Recommendation was to vote against all 5 resolutions
I asked whether it was normal for the share registry group Computershare to act on behalf of the company - is that not a conflict of interest - A: It was more like a Roy Morgan Survey.
I asked that if the requisitioning members represent 8.9% of the vote how much do the existing board members hold in the company - he seemed to misinterpret this question 3 or 4 times & didn't really get a clear answer.
I asked if they are doing this ring around on behalf of the incumbent board are they also going to be ringing around on behalf of the CMT. A : No.
Lastly I asked why they are advising to vote against all 5 resolutions when 2 of the resolutions are in fact to place 2 representatives of the requisitioning members on the board. Wouldn't that in fact balance things out. A: Recommendation was to vote against all 5 resolutions
TNG Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
