Open letter to SOC Shareholders, page-38

Hi Humbuggy

Back in November last year .... directors were "going hell for leather" to the trough.
http://hotcopper.com.au/threads/ann-notice-of-general-meeting-proxy-form.2631414/#.V0ri1maPcec

Were you around then? If you were you will surely remember that the board, which at that time had 2 GTT boys, proposed a CR which was priced @ 0.002, excluded retail holders and, on top, proposed to give directors millions of free shares. It wasn't only Brennan who objected... there was general share holder uproar and outrage. Miraculously, a R&D tax refund [$500k] appeared within days. It was that blatant grab for money [by management] which triggered all of this ... triggered, but did not start it. The way this company has been run, for the 3 years I have been a shareholder, has been 'interesting'.

The GTT boys, given a cheap entry into SOC, took their first opportunity to profit and cruelled the share price. That was how they introduced themselves to share holders.

But, lets not harp on old news. The fiasco of the lithium tenement is fresh and stark. If the directors' positions are in jeopardy ... it's entirely their own doing.

At this stage... votes are in. We will know how people feel pretty soon.