GBZ 11.1% 0.8¢ gbm resources limited

another winning move?, page-14

  1. 137 Posts.
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    WB good to see you have recovered some what & here's hoping your health continues to improve in 2013.

    Trying to remove PT is a futile exercise Wobbly. He's got too much support from the large shareholders. PT's support is also bolstered by the issuing of 10,000,000 shares to his fellow director (Sunny Loh) helping him out of the phosphate deal he couldn't do anything with, and 20,000,000 shares to LRD with potentially another 41,000,000 to be issued. I'm sure if PT asked Sunny and LRD for their voting support it would be forth coming. And as seen at the AGM all the large shareholders voted for all resolutions including directors remuneration.

    PT can and will continue to run GBZ for the next 2 yrs as he has for the last 2 yrs (atleast while theres money for directors wages). Sorry to say its going to be business as usual and all you small holders are along for the ride or should I say slide whether you like it or not.
 
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