GRE 2.63% 19.5¢ greentech metals limited

Having read thoroughly the Annual General notice, I agree on...

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    Having read thoroughly the Annual General notice, I agree on only one point of your argument. The other points you raise seem to be about you exacting some sort of revenge on GRE after you say you were "stiffed" with ARV.

    The point that I think is unacceptable is sub-section (e) (i) (B) under the SCHEDULE 1 – TERMS AND CONDITIONS OF THE OPTIONS in the Annual General notice.

    The Cashless Option conversion is subject to vesting conditions. This sub-section is:
    (e) Vesting ConditionsThe Options are subject to the following vesting conditions (Vesting Conditions):

    (i) 12,500,000 Options vest upon either of the following occurring:

    (A) the Company announcing a drill intercept of at least 5 metrestrue width at an average grade of 1% Li2O; or

    (B) the VWAP of Shares in the Company over 5 consecutive tradingdays (on which Shares have actually traded) exceeding $0.25per Share,provided that Obsidian remains engaged by the Company at the dateon which this occurs;

    I intend to contact the Company regarding sub-section (e) (i) (B) to voice my protest at its inclusion and I urge all other holders to do the same.

    It may be the case that it was not the intention of that clause to give away free shares on the payment of the first months $10,000 to Obsidian. It may have been the case that the Annual General notice was drafted when the share price was far below the 25 cents mark in that clause.

    As for your other points, I think you're in a lather about something that might happen in 2 years time.
 
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