General Discussion Topics, page-138682

You need to appoint a spokesperson to submit the concerns of shareholders...but first you need 5% or more of the voting power to even get your foot in the door to force an EGM...nowadays retail are unsure and to scared to take this path as they think by forcing these changes it will cost them their savings and thats why they dont go down that path.

With respect to the EGM it should have been done straight after the AGM to force them back to the table and I've posted this before that one of our astute holder's who took on the board at the AGM had all the required info in that what was required and he would have surely got legal advice as to forcing an EGM unfortunately sometimes the corporate world solicitors only look after the corporate world but l dare say he would have been told about the ramifications of forcing a EGM and if it was you would find that the BoD's would be out drumming up an making sure they had the required votes from the BEOT to defeat any motion to move them out time....remember all retail won't vote to the motion of removing the board or particular elements of the board and therefore its a real tough road to take...even at the next AGM they will survive because they will do what they need with the help of the BEOT if thats what they want to do....imo it would be more beneficial at this stage to see what unfolds with respect to new appointments the company has to complete if nothing is done by the time the next AGM in that space then it will be time to get serious about cleaning the deadwood out and that takes alot of hard yards and the majority of retail to be onboard...sometimes changes are for the betterment of all, lets see what happens.