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2.0¢ niuminco group limited

Ann: Notice of Annual General Meeting, page-4

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col69

15,407 Posts.

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10/09/20

09:02

Post #: 47226017
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Originally posted by FixItDad ↑

_{The Board is only misinforming the share holders of the troubled & poorly performing company!}

5. Resolution 4 – Consolidation of Shares
Purpose of proposed resolution
The Directors propose the resolution as the Consolidation will result in a more appropriate and effective capital structure for the Company and a share price more appealing to a wider range of investors.
The Company currently has 2,800,160,070 Shares on issue which for a company of its size is a very large number and subjects Shareholders to several disadvantages, including:

(a) poor market perception as investors equate the low share price with the perception of a "troubled or poorly performing company";

(b) vulnerability to speculative day-trading and short selling, which generates share price volatility;

and (c) discouraging quality, long term institutional investors, equity funds and lending institutions seeking stability and long-term growth.

**"The Board believes these factors can be minimised by the Consolidation"**

_{The Board is only misinforming the share holders of the troubled & poorly performing company!}

_{Even quoting the asx has got their back}
_{""ASX has advised that, in its opinion, the agreement should be approved by security holders.""}
4. Resolution 3 – Ratification of Previous Redeemable Convertible Note Issue

Will share holders get to view that letter of advice from asx?
Are you making this sheet up on the fly DICK TRACEY?
FID

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Like I have said previously @FixItDad .... I have written this investment off and only come back for a look at any announcements to see if it is official ... still got a beating heart I see ..... lol

I just hope if it is a dead duck they write it off in time for this years 2021 tax as I thought it would be done and dusted by June 30 2020 and I could use the losses but alas to no avail ...

Good luck to us all but I think we should expect the worst and hope for the best ... I mean it is a gold mine after all and gold prices are at record high prices !

NIU Price at posting: 0.1¢ Sentiment: None Disclosure: Held
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Ann: Notice of Annual General Meeting, page-4

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