Had a quick read and makes me want to vomit, what a right mess imo... The standouts from this lifestyle company imo are the obscene remuneration and administrative costs, total around $6.48 Mil a year, $540k month ++++ and ALL but one of the board and management, owns ZERO PAID SHARES... What a disgraceful state of affairs and accounts imo....
Also, furious the AGM has been moved from early May when I was going to attend and hold them all to account, as they should be, now moved to 13 May and unfortunately can't attend as will be overseas in Europe for 6 weeks (I can just here the loud cheers from Salt, Aussie, Bill and 88 board imo)...
IMO at AGM vote, the majority of SH's have to VOTE NO - Resolutions 2, 3, 5
Resolution 6 is a 50-50 and I need to think about this further regarding the pro's and cons....
Just look at the obscene salaries and free performance shares under this new management which delivered delays, consol talks and trashed the SP from 4.9c to 0.004c (all-time lows) imo and now SP stranded at 0.005 due to 88's irresponsible and premature SP trashing consolidation news, what a right mess 88 have caused for our SH's/SP during this delayed and troubled flow test... SP 100% has been imo majorly impacted by this news which sent fear to the overwhelming majority of real SH's, not the paid plants on here...
" SO, UNITE and send a strong message and VOTE NO ", last chance before we all see our investment go further south and experience big losses imo....
If we all are stuck holding shares after flow test and SP remains at lows then I strongly support a "COMPLETE BOARD SPILL"....
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