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Ann: Results of Meeting, page-46

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KirstenBalance

5,853 Posts.

38

01/06/23

17:10

Post #: 68084575
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Originally posted by Kirpa: ↑

The shareholders voted AGAINST Rhys Evans getting his directors fees in shares at 3c per share. He would have loved that result as he would receive cash instead. That was a win for Rhys Evans and a further depletion of the cash at bank balance. The shareholders didn't really think that resolution through properly did they? Saved him from taking shares at 3c and gave him cash instead LOL.

The Chairman also mentioned in answer to a question that the company was engaged in legal proceedings to protect the TYM intellectual property. Legal fees are not cheap at all.

@M8trix think your estimate of cash at bank is optimistic. That $350,000 you guessed as at June 30 in a months time may be what is closer to the mark right now. I'd have a guess the cash will be empty before the end of this month or so close to empty that the new board will have to raise capital urgently.

@KirstenBalance in a previous post was saying Niv is not going to raise capital under 1c. That is akin to believing in the tooth fairy.

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Do I know you? Guru wannabe?

TYM Price at posting: 0.4¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

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Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $3.714M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	135313	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	131997	1

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No.	Vol.	Price($)
2	135313	0.022
1	350000	0.021
3	683964	0.020
1	110000	0.019
1	20000	0.018

Price($)	Vol.	No.
0.024	131997	1
0.025	450000	2
0.028	200000	1
0.040	88290	1
0.046	2273	1

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