Rhaz it's really got nothing to do on here whether people are board supporters/non supporters, most of us here a LTH's and are sick of not making money and the overall lifestyle company mentality imo being run to benefit this large team over the majority of retail holders and that's the bottom line of it imo. 2-3 directors have to resign asap. Everyone can surely see this imo!!!!
This company has potential after and only after we repay debt, to we know who. These CN's are a major dilution and impede our progress because we are continually broke. When was the last time we could afford to pay office/admin 1/4ly costs. Are 1/4ly outgoings are over $100k. Not acceptable continually borrowing off SB who in turn owns more as can buy shares for nothing after he makes another $mil in interest. This has to stop and get back to rights issues and or placements so all holders maintain the SOI and we don't lose a majority which can end bad for every holder if the board get over 50% ownership imo. We MUST protect this balance..
Re meeting and talking with SB etc, waste of time, requested multiple calls and emails still not one reply.
Rhaz I do need your support as a large holder and the more we get the less messing about and expenses we incur. We can easily deliver a 249 with 5% support if the company doesn't remove 2 DIR's, I suggest SVG remove MB and PW asap and this saves a lot of messing about with wasting money, time and stalling progress by holding EGM's etc etc.
So, imo remove 2 DIRS and get on with drilling and building a cash balance so this company can grow. We are stranded by being cash poor. We need to be drilling and producing, not feeding a large board. Must end and sooner the better imo. Not that big a request is it.
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