re: Ann: Notice of Annual General Meeting/Pro... Oh these guys just get more and more amusing by the month! :) A few highlights...
"the Directors will seek to
employ a well-credentialed Chief Executive Officer (CEO) with resource sector expertise, to
lead the search for investment opportunities and to lead the rebuilding of the Company."
So looks like they think the resource sector might rejuvenate the company ROFL!!! Then will come the name change to try and fool new people into thinking this is some sort of well run resource operation.
"Since being acquired by the Company, the trading performance of the Radiology Business has
not met expectations and was a significant contributor to the net loss of $4.07 million recorded
by the Company in the year to 30 June 2011."
And Mr Scott wants us to re elect him as an executive director!!!! Are you serious?
$3,168.500 spent on "Direct Personal Costs" What the heck were those?? Mr Scott's wage?
Good news - I get to become a shareholder of Capitol Health....oh but wait... I've had my original IMI shares consolidated and now I'm only going to get 1 Capitol for every 16.99 IMI shares. Which means I might get 81 shares in Capitol which is an unmarketable amount of shares so they will sell them for me.
"For example, assuming a ratio of 1 Capitol Health Share for every 16.99 Shares held and a
Capitol Health Share price of 3.5 cents, Shareholders who hold fewer than 121,358 Shares on
the Record Date (rounded up to the nearest whole share) will not be eligible to receive a
minimum of a Marketable Parcel of Capitol Health Shares."
So even if I WANTED to buy more shares, I can't because the company has been suspended for so long. Are they forcing me out as a shareholder? Is this legal?
This company is simply UNBELIEVABLE!
I'm going to take the time to vote down every one of their proposals in the hope that this can be wound up and the people running this show can find new jobs.
Talk about a total shafting of shareholders!
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Ann: Notice of Annual General Meeting/Proxy Form , page-2
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