Hi
@Timb89 thanks for your engagement,
As you know, and have always believed, (2018) AVZ likewise fully believes in the perfectedness of it's governance and i also believe in this. Consequently, i am doing some due diligence here on this thread and i encourage all to recollect their interactions -if any- with the company announcements and the company in 2018: as shown herefor this thread topic:
https://hotcopper.com.au/posts/70902288/singleI think i have stated already perhaps you missed it; I am conducting research on what happened in 2018 with BNB in particular. Whether shareholders contacted the company regards BNB particulars, sought an update directly with management, via email, sms, or phone call. or in person-- i can see the 2018 MOUs were still a question for some members here reporting on the 2020 AGM briefings and i can't see where AVZ last updated on BNB's due diligence being completed or similar
As some shareholders have pointed out,
@longtak and
@DannyC25, there was also abundant reliance on Super Ninja's twitter feed in 2018. And shareholders past and present are encouraged to discuss from this perspective as well if that suits them.
In my opinion why this is so topical now is that a deeper understanding of the BNB MOU particulars (an other MOU's) requires:
1.arduous processing of the Chinese language, technologically harder in 2018 than it is now
2.where to look,
3.who to ask
4. A good question to occur to commence above 1.-3.
Hence reliance on the company's representations and disclosure on BNB matters or other MOUs was very very high by the market in 2018 and even into 2020 --so much i can imagine that emailing and phone-calling the company would be a huge administrative task to the point shareholders don't get replies. This is also concerning, because the Company's books need to be retained for 7 years and this includes emails.
This heavy reliance on AVZ representations and in turn reliance on things Chinese, is one reason i think why some here talk of reliance on Super Ninja whose company Airguide was contracted as the China strategic advisor for AVZ (June 2017). This led to ASX queries as
@DannyC25 points out, and lampooning from the AFR (Robinson) and The Australian (Garvey).
My impression from hotcopper records here, is that after ASX news of Klaus dumping about half his AVZ portfolio off and on market on June 7 2018, it is apparent many shareholders were experiencing extreme distress to say the least and just wanted to quickly move on and resurrect the share price. AVZ Share price distress continued pretty much into late 2020 into 2021. AVZO was not in the money for many and Patterson picked them up "underwritten" for less than the 3.8cps January 2019 CR, at 3cps.
By the time this Patterson AVZO deal was notified shareholders were also relieved to finally have financing from Yibin (4.5cps), There was a thread here dedicated to Klaus emailing a shareholder how feels about his job. Many, almost all here believed the email to be fake. it wasn't.Hence, during the low share price period of about two years after Klaus' dump on June 7 2018, there is generally no close examination occurring of AVZ matters other than foaming at the mouth about low hurdle Performance rights.
In my view it is still a very material Public Interest matter what happened in 2018 with AVZ and to what extent did shareholders communicate directly with AVZ about BNB.
