Do you not know how AGMs work?Not all Items require a vote. They...

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Fickle John

2,319 Posts.

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22/11/23

16:54

Post #: 71049055
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Originally posted by alpha100: ↑

Hi all,

Here's how I voted for the AGM:

Item 1 - There is no item 1?? (more mismanagement from Karl??)
Item 2 - Remuneration Report - Against (impossible to vote For when Karl is getting paid $1m per annum - utterly ridiculous)
Item 3 - Investigation of Removal of the Company from the Official List of ASX - Against (if LVT is delisted it is most certainly dead and buried)
Item 4 - Election of Director - Mr Steven Gray - Against (obviously a crony of Karl's)
Item 5 - Election of Director - Ms Lisa Sarago - Against (obviously a crony of Karl's)
Item 6 - Additional 10% Placement Capacity - Against (this would allow Karl to issue more shares to other cronies for more nonsense acquisitions like My Net Zero)
Item 7 - Ratification of Prior Issue of Shares to My Net Zero - Against (this was a sham transaction)
Item 8 - Ratification of Prior Issue of Shares to CYCL - Against (this was a poor and overpriced acquisition)
Item 9 - Approval of Employee Incentive Plan - Against (if Karl has anything to do with this it's bound to be unnecessarily generous)
Item 10 - Approval of Management Incentive Plan - Against (impossible to vote For when Karl is there)
Item 11 - Amendment to Constitution - Against (sounds dodgy and Karl cannot be trusted)
Item 12 - Approval of Selective Buy Back of BindTuning Shareholders - For (this must be the first time in the history of the company that Karl has actually been responsible for a reduction in the company's shares on issue)

So essentially I voted Against every resolution except for the last one, Item 12. I encourage all shareholders to vote prior to the cutoff time of 10am on Tuesday 28 November, and using the above as a template wouldn't be a bad way to go.

Expand

Do you not know how AGMs work?

Not all Items require a vote. They are topics to cover.

You should read the agenda again

LVT Price at posting: 0.5¢ Sentiment: Sell Disclosure: Not Held
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