As for a feeling of the outcome. I am encouraged by a recent poll at PSH. around 70% of all shares were voted and it was the retail investors who held sway. It can be done and as such I think that the treatment from management will hopefully be a catalyst for shareholders voting in favour of the resolutions.
I have never held a share where management says it not so good but when you requisition a meeting then it becomes look how well we are doing. How can you possibly only attend 2 board meetings and not expect to be questioned as to your commitment. Only 4 board meetings per year. How can that be in a company with so many challenges. I don't think management ever intended to wind down. If nothing changes the reward for taking a huge risk will be gambled on re-entry into the mortgage market IMO.
I feel like I am a mushroom investing in RHG.
Go Intelligent Investor we need change.
RHG Price at posting:
44.5¢ Sentiment: ST Buy Disclosure: Held
