GSR AGM- What Tactics will be of any Use?, page-16

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GreatWA

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03/08/23

18:57

Post #: 69144806
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Originally posted by donnybrook: ↑

I've been mulling over this issue and feel what we've discussed so far, exemplifies the difficulty retail shareholders have, in putting pressure on a BoD not acting in the best interests of its shareholders. Certainly the retail majority.
Assume for the sake of argument, retailers succeed in getting a 'no confidence' vote passed at the AGM. If it's against the Chairman only, and he resigns, what happens? The vacancy would have to be filled. By whom? No doubt the entities standing to gain from the current situation would grab the opportunity to parachute another Chairperson in, favourable to their interests.
If the motion was against the whole Board, then the issue is compounded if the whole Board resigns.
To be really successful and move beyond a mere symbolic victory, in my view an alternative Chair and Director candidates need to be selected/chosen, so that in the event of a successful spill, business under new leadership can go on to develop and monetise our gold resources.
Is this possible?

db

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Along the lines of TVN Tivan?.

Originally posted by Lowkeyinvestor: ↑

Hi db,

We need 5% of SOI to be able to call a general meeting

I think we have that.

All thats needed is for us to gather that support and call for the meeting.

Resolution need to be proposed and voted on. More than 50% wins.

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GSR Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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GSR AGM- What Tactics will be of any Use?, page-16

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