I know exactly what to do, as spilt boards before and have proactively been in meetings since consolidation released by 88, busy gathering support and sounding new directors etc etc, I have a fair bit of interest and focused in protecting SHs investment, unlike 88 decision which will destroy it imo.... No one else seems to be motivated, I guess I have a lot more to lose than most on our SOI....
I know a lot of directors/CEO's/MD's in the O/G industry over past 25 yrs, some are the biggest and successful in this industry and I have good relationship with other broking company directors and very senior brokers who have supported me in my past board spills, (outside of Hartleys, which as a client, now not impressed after my director chat yesterday).
Now if 88 don't immediately retract this terrible timed consolidation prior to flow testing and then wait until 88 is an all-year-round drilling company which can support a massive post consolidation SP..... Then unfortunately then spilling and presenting a 249D is our only option left imo......
So, who here will support my action to stop this consolidation, and if 88 don't retract, then who will support a board and MD spill???
Sadly, our focus should have only been on this flow test, that's why so many of us bought lots of shares at 0.004, 0,0045, 0.005 and 0.006 (board again didn't) so unknowingly we all have been totally unacceptably mislead by 88 now wanting to do a consol after those CR's imo... 88 imo, absolutely knew they were planning to consolidate during these CRs imo..... If 88 were transparent at 0.006 or 0.0045 CR's, none of us would have spent further money, I wouldn't have spent huge $$$$$$......
In any case, I suspect 88 (mainly non-holders imo) are way too focused and influenced by Hartleys and UK big players imo, so will go through the official share register, contact top SHs and broker nominees..... Form a "Share Holder Action Group" (SHAG" appropriate name, as I feel we have been sheet on). Open a Gmail account so like-minded holders can communicate away from HC and in due course possibly a FB group. Hoping SHs will support and assist in doing a 249D board spill.
Then we fund a mail out and SHs can donate as little as $10-20 each (depends on support numbers), held in trust with 2 signatories, to help costs in presenting a 249D at an EGM.... Of course, will present the replacing 3 professional proven O/G directors who will replace office staff, as they can't answer phone calls or emails, lol... Then a new proven O/G professional as MD, sorry no accountants need apply imo... Then hoping we successfully spill with 50.1% vote and replace this board imo......
We do not need ALL SHs support, only enough to counter the 2 Instos and 88's corporate broker mates.... We can successfully spill this board/MD with only 7-8 Billion votes... NOT a difficult task, but agree not ideal as time consuming and distracting for our investment, but necessary as this consolidation will hurt a lot more imo.....
IMO then we have a greater chance of 88 being a success, this terrible journey has to end, as imo by not changing the board, we just keep repeating and diluting, with a yearly 1 well imo year after year, lifestyle tag continues, so has to end imo.... Time for change is now, if 88 won't change as I see it.... We have to force it as imo we are not being represented well enough and we must end this company's bad market reputation and the mantle of boards holding no shares or a tiny amount, paid way too much and do very little throughout a year and stop imo SHs continually suffering along with a falling SP. This has to end imo..... Time is now....
I just hope that 88 actually now listen since the GM and acknowledge that the SP will be significantly damaged by this badly timed consolidation and severely impact SH's investment and retract this consolidation prior to flow test... This saves everyone a lot of negativity, time and money. Then we can focus and enjoy this flow test, as this should have been our "only focus" after 8 years of failures....
Its ALL UP TO 88E NOW of what happens next... I will not hold my breath and wait for them..... Neither should all SH's.... Time to unite and support change......
Cheers Ralli yes, I miss took your comment, all the best......
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