Top post

First 3 Last

Share
Profile

Follow
travted2000

1,718 Posts.

335

10/05/16

01:45

Post #: 17718913
Share
Originally posted by Gonzzo ↑

A FEW HOME TRUTHS

Ladies and Gents,

Some of our directors have openly stated to individuals that they have had “positive feedback from ALL major shareholders” regarding the latest offer from Todd. This is NOT THE CASE, and once again raises the issue of inadequate consultation and a lack of a comprehensive grasp of the shareholder concerns.

As you would know, this was the very reason why FMS United came to fruition, to voice the concerns of individual yet likeminded shareholders. During our initial discussions with Todd, at their request, we enlightened them on the true sentiment of many of the individual shareholders. They were initially shocked at the stark contrast to the version that our management was portraying. Even after we provided clear evidence of the massing number of disgruntled shareholders, FMS management and Todd failed to listen. We proved them wrong and our position of strength during the unequivocal defeat at the OA vote last year. Ouch!
So what’s the difference this time….

NOTHING HAS CHANGED – FMS Management has failed to engage with the majority of shareholders and gauge our position. They have recommended a deal that a vast number of their shareholders do not agree with:

Of the approx. 550,000,000 shares amongst FMS United, only the top 20 holders were consulted on the price they would sell.

Of the top twenty, there are several that I have regular contact with who are disgraced with today’s deal and will not be accepting.

Those top twenty who support FMS United account for approx. 25% of the approx. 550,000,000 amongst us. So what about the other 75% / 440,000,000? You failed to consult with them; you have an audience (A large one) who is actively engaged and eager to converse, who you failed to consult with. Shame on you.

Well don’t worry Sir, you will read about our outrage in the AFR in the coming days. If that fails to capture Todd’s attention, the statutory declaration I’m preparing for them, clearly confirms the numbers once again.

Stay tuned, more to follow.

Matthew Hester
[email protected]

Expand

Top post
FMS Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

MGU

New results confirm Buena Vista's iron grades potential

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

There are more pages in this discussion • 127 more messages in this thread...

First 3 Last

Add RHK (ASX) to my watchlist

(20min delay)
Last 79.0¢		Change 0.005(0.64%)		Mkt cap ! $157.8M

Open	High	Low	Value	Volume
79.0¢	79.0¢	79.0¢	$179	226

Buyers (Bids)

No.	Vol.	Price($)
1	3000	78.0¢

Sellers (Offers)

Price($)	Vol.	No.
79.0¢	1337	1

View Market Depth

No.	Vol.	Price($)
1	3000	0.780
2	18831	0.760
1	5538	0.740
1	1309	0.700
1	7246	0.690

Price($)	Vol.	No.
0.790	1337	1
0.820	4641	1
0.870	3999	1
0.880	10355	1
0.890	2368	1

Last trade - 11.50am 31/07/2024 (20 minute delay)

RHK (ASX) Chart

Top post

New results confirm Buena Vista's iron grades potential

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Top post

Top Stories

New results confirm Buena Vista's iron grades potential

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News