AGM Resolution Voting -

Resolution 1- Against(Adoption of remuneration report)

Resolution 2- For

Resolution 3 - For

Resolution 4- For

Resolution 5 - Against(Directors seek increase in their fees, is reckless as company needs to cutcosts to preserve cash)

Resolution 6- For(I can see little involvement from Quirk in our company leadership.  He has made no contribution at the last two AGM's and has been absent from all of the Shareholder Updates.  Why are we paying him)

 

This has become the most important meeting in our Company's history. We have less than $4 million in the bank and our Directors cannot tell us when we will be cash flow positive.  We need to keep a tight control on costs until we are cash flow positive otherwise our company will dissolve and our shares will be worthless.

The risk of our company going broke is significantly increased by voting to allow our Directors to increase their remuneration.  I consider it reckless for the Directors to ask for an increase at this AGM.  I find it hard to understand the timing of the request when cash in the bank is required for our survival.  If we knew when we would be breakeven then i would support the Directors Request.    I agree we have an improved Board than we had last year BUT there actions of requesting more money at this time gives them the same tarnish of the old board.