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2018 AGM Highlights, page-16

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Hingdog

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30/11/18

13:49

Post #: 36705113
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Originally posted by uncystu ↑

Question 4:
A shareholder began asking a question about the performance fees that were charged after the high watermark had been achieved in March2017. Before the shareholder could even finish his question Stuart McAuliffe cut him off saying that HML had responded to the ASX query on this. Once again this is not exactly verbatim but a rough transcript from memory.

Shareholder: “My question is regarding the performance fees that were charged by JBL after the high watermark was achieved in March 2017...” [Cut off by McAuliffe]
McAuliffe: “The ASX asked this question. We responded to the ASX query and the ASX accepted our response.”
Shareholder: “But can you please explain why…” [Cut off again by McAuliffe]
McAuliffe: “We responded to the ASX and the ASX accepted our response.”
Mischevski: “There’s nothing more to say on this matter. We will not be answering that question.”
Shareholder started to speak again but was cut off by Mischevski.
Mischevski: “You’ve had your two questions. You can’t ask any more.”
Multiple shareholders: “That was only one question!”
Shareholder pressed on and this time was at least able to finish his question without being cut off.
Chair: “The calculations are correct. We’ve answered the question. Move on. We will take only one more question."

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btw, this all sounds very much like the way my phone call went with the Mischevski, completely arrogant and wouldn't answer basic questions.

HML Price at posting: $1.99 Sentiment: Sell Disclosure: Held
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2018 AGM Highlights, page-16

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