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AVZ roadshow, page-261

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173 Posts.

251

04/11/22

12:27

Post #: 64589446
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Originally posted by sydneyguy: ↑

So

current CEO was a director and is still a shareholder in a business managed by ex CEO before him- a business which is a direct competitor to Avz which is in a rolling suspension pending it’s mining and exploration rights-

the competitive company of which the current CEO is a major shareholder has just been granted rights over a range of areas in and around avz’s sole project -

whilst current CEO has been unable to secure a mining lic and has suspended the company shares from trading pending information regarding avz “s mining and exploration rights

Utter failure to adhere to its ( Avz) corporate governance statement principals and its own code of conduct

how the board didn’t disclose this association of a ceos directorship and ongoing direct financial interest in a direct competitor of avz- pursuant to its own code of conduct is ridiculous

but it’s ok I heard last week- ok to have roadshows with some new ordinary investor class despite a code of conduct that says it will deal with shareholders as a whole

he isn’t a director anymore of ajn and volume traded in those company shares is low so it’s ok apparently

business relationships/ personal relationship and financial relationship with a direct competitor is ok apparently

beyond a total farce-

CEO should be fired and the board should be questioned about its failure to adhere to its own code of conduct and corporate governance statements because of lack of disclosure- his personal and financial relationship to a direct competitor and what a blind person would see as obvious difficulty to act at arms length given the blatant conflict of interest being a director of and shareholder of a business competing in the same space and location

or

his entire shareholding and interest in ajn should be transferred to avz as a penalty to remove any ongoing conflict of interest due to not following Ava code of conduct and stricter oversight of his ongoing management out in place

the entire board should also declare if it holds any interest - financial or otherwise in ajn or any other mining company or supplier anywhere within the manaro area and also donate in full their holding held directly or indirectly or resign

any person within the company also that has received performance rights or is subject to executive share schemes should also immediately disclose along with their relationship to any company operating or competing in and around the manaro area or competing for any rights in and around the manado area

little wonder Avz has been unable to secure a mining license- management are incompetent imo and unable to act for shareholders as a whole with clear financial relationships held by the current Avz ceo who is substantially holding shares in a direct competitors ( held and not disclosed)

There is little to no corporate governments for this to be discovered imo

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Maybe you want to send this to ASX / ASIC if you feel conflict of interest is holding AVZ back.
I just picked up a small parcel AJN yesterday very small, just for grins having some skin in the game. I'm having COVID now so can't play poker, need some thrills.

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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