HI Guys and Gals.I have been corresponding with Peter Webse...

HI Guys and Gals.
I have been corresponding with Peter Webse initiated 2 weeks ago.
I will copy and paste below.

Mr Webse,
I am speaking on behalf of a group of investors, who desire to have a resolution implemented and documented into the next Agm of 4DS Memory.
Can you advise the process required to have said resolution included.

Response
Thanks for your email.
Does the group of investors together have a shareholding in 4DS of more than 5%?
Assuming this is the case, and the proposed resolution is a resolution which is appropriate to be put to shareholders, I expect that the Board could include it in the company’s next Notice of AGM.
What does the proposed resolution relate to?

I stated we exceeded 5% and my response
Mr Webse,
As a group of investors interested in the success of 4DS, we have all concluded that the turn of events over the last few months, that management is not operating in the best interest of shareholders.
While we believe in the company and its goals, the gap between management and shareholders is wider than the failure of PL3.

While we have no desire to generate an EGM, ( Negative publicity) we feel it is in everyone's best interest for management to consider this proposal to relieve some of the tension between management and its shareholders.

The resolution we would like to see documented into the next AGM for vote is this,
We would like the board to abolish the Sales Pool Bonus, and replace it with share options for the said directors and management team listed in the sales pool bonus.

This can be an equivalent swap. We feel as investors that the sales pool bonus, which was created for Guido Arnott under Dr Wilbert, is not relevant to performance. It does not encourage management to work in the best interest of the company or its shareholders. This is a breach of Asic company rules. It is perceived as a bonus for management, regardless of outcome. The recent poor performance of management to capital raise at a 52 week low under positive news, highlights the imbalance of this Sales Pool Bonus.

We ask that the board of directors consider bridging the gap of tension, and consider abolishing the Sales Pool Bonus. Can we request that the board in good faith, have a discussion on the matter.

We understand the Chairman has the power via proxies to veto any proposal.
If the board has alternate options it would like to consider or get feedback on, we would be happy to work as a sub committee to benefit all long term holders and management.

Last email from Mr Webse;
I have passed this on to the Board for their consideration.

We are all upset and understandably so. Last thing I wanted to do was put this forward through DM. Like yourselves, I do not trust the man, period.
Hence I chose the process via the company secretary for all board members to understand the sentiment of shareholders. I suspected it would have got lost going through the hub or david.

Although I only give us 5% chance by asking, it is better than not asking at all.
Whether folks on here should endorse this via the hub, I will leave it to you all as individuals. Support on the matter can only be a good thing.
Inevitably, DM is guaranteed a strike at the next vote for directors.

I wanted to do my bit for 4ds shareholders.
Frustrated long term holder