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AGM update, page-69

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greenhouse

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08/10/16

09:25

Post #: 19714139
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Originally posted by jasetheace40 ↑

Further to my post above, the cynic in me suggests that the directors set this resolution up before the AGM knowing that there is nothing palatable about it, especially having regard to share price performance and revenue figures to date. Do they expect that to change within the next 2 weeks from now? That really would be the only reason that might result in a swell of support for the directors and, consequently, this windfall resolution being passed. And so if the shareprice skyrockets on the back of great news, everyone will be inclined to give the directors a pat on the back and approve the resolutions. But even then, the votes would be rewarding past performance, not future, and so that would not be a valid reason for putting these resolutions forward. I must say I'm somewhat disturbed by these resolutions for a multitude of reasons no

Originally posted by dmmorris ↑

Jase,

Over the past few months we seem to have gone from the euphoria of 'we've cracked the coconut ' and we are now entering the revenue phase to the directors are running scared that they will not achieve the necessary milestone to allow them to pick up their November 2017 performance shares and so are having an additional dip in the trough. Clearly many of us are into this stock in a big way. While we understand that working with major FMCG companies has its drawbacks with respect to the release of information, the directors should empathise with the position of us shareholders and show some patience, just as we are regularly being advised to do. I have already dispatched my two forms with a 'X' against resolutions 4, 5, 6 and 7.

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Same here Dave

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OBJ Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
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AGM update, page-69

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AGM update, page-69

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