cap raising , page-11

Hi mwillie,
P.W. presided over Intec for over a decade.
His achievements speak for itself.
We are facing major problems with the current board & the current shareholder base.
1) The Board:
a. Lack of vested interest.
b. Lack of skill & "personality" ( I described them as flamboyant , extravagant & arrogant .....Seems to be rather mild descriptions,but it drew a barrage of hostile posts)
c. Very expensive for what they offer ( I offered a little comparison with APG which is rather telling)
...
2) The Shareholders:
No substance there to speak of (myself included)
No substantial shareholders. No Big Brother or "watch dog"
i.e. The Board has a non opposed,free hand......They are "The Untouchables"
We managed to achieve a 1st strike,but it is unlikely to be repeated with the impending dilution.
There is NO hope for Intec if we don't see some change in the board (or its attitude)& also major change in the "quality" of the shareholder base (No offence to anyone)
...
Intec might never go broke,but it will NEVER get rich with the current "stale" ingredients.