AGM australian governance & ethical index fund

i wouldnt be accepting zfxs offer just yet, page-8

  1. 28,696 Posts.
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    WHAT AN ABSOLUTE JOKE.

    For all their carry on about not selling out for 1.00 due to the massive upside that the exploration holds, only as no other thrid party entered, the directors, now on their yellow bellies, accept this 1.10.

    So, 10%. Thats all the directors are taking for their massive upside?

    Geeezzz.

    What happens if the directors sell, and a majority of share holders hold on.

    No complusary T/O 90% level.

    So that this baby of theirs, becomes now majority owned by ZFX and the loyal diehards, who say they retain 30%.

    Are these directors, who sold their lot, going to come crawling back to the shareholders at the next AGM, and propose as resolution 1, to isssue x million options to directors?

    Haaa! Makes you sick doesn't it.

    Love to see the small holders unite and retain AGM, and see directors become lifeless puppets.
 
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