I attended and was completely underwhelmed. Did not leave the AGM with any confidence in the continued success of the company.
I found the chairman to make many 'I believe' and 'we hope' type vague statements.
In simple, they are spending substantially more money than they are making with no clear solution to fixing the problem other than 'we are working on deals...'.
I have been a holder for almost 8 years and left the AGM disappointed, I sold out this afternoon my complete holding at an 88.4% loss as I do not have confidence that this company will be in a position to substantially improve its financial position any time soon.
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- Ann: AGM Chairman's Address and Presentation
Ann: AGM Chairman's Address and Presentation, page-8
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