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14/11/18
11:34
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Originally posted by mystikal
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having had time to sleep on it.
this is my view:
- I am not sure who this shadow shareholder group,but i hope they know what they are doing, I am very disappointed if a small group of shareholders conduct coup without a backup plan. Unlike the previous RM which was well structured, planning in place and a real thought out process this seems like it was done out of anger/frustration.
- Not trying to defend management, but having them ousted in this fashion with no immediate replacement/transition and in this bearish market is VERY unfavorable for everyone..
- I was lightly involved in the first removal of the old board (KJ days...) but that was with a much larger involved group effort, we are talking a lot of shareholders. For this one i dont think many people at all were involved if anything it is an isolated hand full, and I am struggling to think who this group is.
- Only person i had a real problem with was Gillian from a logistical stand point (made no sense of having her after the clean up)
- James McKay was the only person ive dealt with, and he has been very professional/prompt in his responses and never had a problem with him
- It seemed that it was Gillian/Greg were told to leave and which forced James hand to want to leave as well.
Going forward:
- Can we organise a shareholders meeting?
- Ive contacted ASX and made them aware that to keep this on their radar so that they could put in suspension in place if it continues trading without a CEO/Board.
- I encourage others to also contact to ASX to give them a friendly reminder that this is a bigger problem than it seems and ASX have to step in if the company doesnt have an appropriate response.
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Best person to contact at ASX is Ben Secrett. He's the Senior listing manager in Perth and has personal oversight for BGS.
His contact details are as follows;
Ben Secrett
Principal Adviser, Listings Compliance
T +61 8 9224 0014
E [email protected]
The more people that contact him and the more United our voice is, the better off we will all be. Our families livelihoods are at stake here. Now is not the time to be complacent folks.
Email and call Ben today. Know your rights and be informed!
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