shareholders are angry

Looks like the results of the meeting are waking up.

We are dead against increasing director remuneration from 250k to 500K. Shareholders want results first and I quote:

The Board acknowledges that Resolution 1 was passed, however, 29% of the proxy votes were against that resolution (which represents 17% of the Company’s total issued capital), and accordingly the Company will proceed on the basis of a “first strike” for the purpose of the 25% “No” vote limit imposed by the Corporations Act 2001 (Cth) in respect of shareholders voting on remuneration reports for public listed companies.