Kept in the dark, page-3

First 3 Last

Share
Profile

Follow
tallplumber

5,019 Posts.

758

12/03/19

14:34

Post #: 37733725
Share

Originally posted by GREG008 ↑

We are all tired of being kept in the dark about the activities of the BoD particularly those of DC.

Are you irritated enough? Are you sufficiently irritated to call a meeting to ask for answers to questions that concern us about the direction of PIO!

I think this is what we need to do.

Section 249D of the Corporations Act now provides that the directors of a company must call and arrange to hold a general meeting on the request of members with at least 5% of the votes that may be cast at the general meeting.8 The percentage of votes that members have is to be worked out as at the midnight before the request is given to the company and this determination is ordinarily made by examining the company’s register of members.9For a requisition of a general meeting to be valid it must:be in writing;state any resolution to be proposed at the meeting;be signed by the members making the request; andbe given to the company.10The directors must call the meeting within 21 days after the request is given to the company and the meeting is to be held not later than 2 months after the request is given to the company.11Although 100 members of a company are no longer able to require a general meeting to be called and held, 100 members of a company are still able toropose resolutions for inclusion on the agenda of general meetings that have already been called through proper means;12 andrequire the distribution of statements, at the company’s expense, in relation to a proposed resolution or a matter that may be properly considered at a general meeting.13

Why complain, take some direct action to stir DC into doing something positive. Instead of attending numerous and pointless meetings that serve only to erode shareholder capital. If he attends some talk fest I want to know the objective and what was achieved.

Expand

Well said
At what point is DC accountable to shareholders for the dismal shareprice and horrible lack of communication
Didnt we hire a couple of experts to fastrack some of our holdings - havnt heard squat about that
Whats happening in Canada - its like that doesnt exist

PIO Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
9 Upvote

1 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

YAL

Yancoal Australia reports strong Q3 financials

M4M

Macro and Norden set up transport solutions initiative for West Pilbara

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

TLX

Telix Pharmaceuticals' quarterly revenue exceeds AU$200M

TYP

Tryptamine psilocin treatment found safe in IV infusion during early stage trial

SGR

Thousands eye Star on HotCopper, SkyCity in strife – are ASX casino stocks safe anymore?

ASX Market Open: ASX set for red Friday after flat night in Wall Street | 18 Oct

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

THB

Thunderbird picks up plethora of uranium targets based on EM survey in Canada

There are more pages in this discussion • 68 more messages in this thread...

First 3 Last

Add ESS (ASX) to my watchlist

Kept in the dark, page-3

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Yancoal Australia reports strong Q3 financials

Macro and Norden set up transport solutions initiative for West Pilbara

Talga Group wins key permit for flagship graphite mine in Sweden

Telix Pharmaceuticals' quarterly revenue exceeds AU$200M

Tryptamine psilocin treatment found safe in IV infusion during early stage trial

Thousands eye Star on HotCopper, SkyCity in strife – are ASX casino stocks safe anymore?

ASX Market Open: ASX set for red Friday after flat night in Wall Street | 18 Oct

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

Thunderbird picks up plethora of uranium targets based on EM survey in Canada

Featured News