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09/09/20
17:54
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Originally posted by Whiplashed
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You've clearly indicated that you're not a shareholder Flambeau. But for those that are, there is something profoundly wrong about the situation that no one (shareholders, regulators, law enforcers) should accept.
In a nutshell and based on ASX announcements:
MEC paid for Advent to undertake exploration works etc to the benefit of Advent's and MEC's shareholders (including BPH).
MEC settles with BPH and allows BPH to control Advent. For the benefit of every party's shareholders to stop legal actions between the parties.
Advent (controlled by BPH) tells MEC to distribute its shareholding in Advent to MEC shareholders.
Advent (controlled by BPH) doesn't give MEC the information necessary for MEC to legally comply with necessary requirements.
Advent then strangely sues MEC for giving Advent money to survive, and somehow not giving it back to them??
BPH and Advent controller then launches legal action to attempt to gain control of MEC board.
And Flambeau, as propaganda mouth for Breeze, tells shareholders 'accept Breeze back in to control your company and these legal attacks will be forgiven'.
That's not "just business".
If you think as a shareholder you should turn the other cheek or accept as the best way forward to accept this unsolicited change of control action, then you've gone morally bankrupt. Lock yourself in a room full of mirrors for as long as it takes.
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Sounds reasonable, it would be good if Breeze or those in company addressed these points with MEC shareholders. It is not as if the MEC board has done its shareholders any favours by being clear in their communication. Why had MEC stumped up the coffers of Advent without any corresponding financial support from the Breeze triad. Seems a tad one sided.