Ann: Chairman's Address - AGM 31 May 2016-SOC.AX, page-8

There is so much that is factually incorrect in this Chairman's address it beggars belief....


Those were initiatives of the previous management. The July 2015 CR was proposed by the board which at that time was controlled by Hudson Group. GTT Ventures [a.k.a. the current board] were johnny come lately's ... initially invited in as underwriters.


Not the whole story is it! Traded up to 0.004 for a short while ... and then straight back down to 0.002 because of 300 million shares sold for a quick profit [and the sellers were the very same people who had received placements through GTT Ventures ... a fact established and a matter of public record]


A repeated attempt to rewrite history. Also no mention of the fact that SOC collected $1.1M from the sale of the FCG shares ....



Give us a break... that R&D refund is for work stretching over 3 years and the previous management had an ongoing conversation with the tax department regarding SOC's eligibility to receive that rebate .... taking credit for others efforts here too.



Management will have to issue a retraction on this statement. In early February this year, the current board announced to the market that ALL PERMITS WERE IN PLACE and they were about to drill the tenement utilizing the NSW Grant..... THE GRANT WAS VALID UNTIL THE END OF APRIL.



NO WAY .... It is not one person and management knows full well it is not one person. IT IS MANY PEOPLE