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WelshBuffett

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10/11/21

06:07

Post #: 57445006
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Originally posted by samfiodiving: ↑

Update

Tonight i sent a letter addressed to Dr Charmaine Gittleson our new Chair

I put the proposal to her as a suggestion/idea to what i saw could lift the uptake in the rights issue and informed her that a number of shareholders were looking to put a resolution forwards for a loyalty issue pro rata 1-10 across the board all shareholders holdings prior to the TH that took up their full rights issue.
But that i saw it to be a futile exercise unless the board were to back this in
I also mentioned that this idea was put forwards on social media and had seen a response the likes that had never been witnessed before on the forum

In my letter i was respectful, but put the case across with ref to the Placement bias against The rights issue with respect to the options, and eventual ** in dilution upon exercising.

I informed Dr gittleson i would be happy to receive a reply via eml or was happy to talk over the phone

Now i am going to put this out there, This may not turn out to be successful but there have been a number of snipes around the place, and that's fine i take no offence

But i just wonder if by some remote chance Dr Gittleson sees merit in my request and decides to back this request in

How many of those snipers that take up their rights issue would actually turn around and say no thank you i don't want the extra freebies awarded in the new resolution i will leave things as they are for the good of the company and accept further dilution

Anyway its done now

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thanks for all your help representing the true shareholders of this company. I appreciate your efforts.

ANP Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
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See How Wee Go, page-28

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