Hi Geem,
Bad corporate governance boards do this to prevent a shareholder mass revolt.
It stops 80% of small long term shareholders from taking action. Many older shareholders don't have a fax machine or don't want to go out to a post office during this covid 19 pandemic.
It is a trick played against long term investors.
However, every vote is crucial. One of the resolutions for the May EGM failed by 2 mil votes and only after the Board over issued 100 mil plus shares, excluding the non disclosure issues on the convertible note.
I believe this upcoming EGM is critical and everyone has a crucial part to play.
So, please vote for change and vote "FOR" on all the resolutions.
Anton
[email protected]
Shareholders Unite! EGM 14 August 2020, page-24
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