Fully agree with your sentiment, Interested - delisting the Company is a dud deal for small shareholders in my view also. As it stands, this is a fait accompli come the AGM, as the top 20 shareholder hold 91.9% of shares (4 Directors hold 71.9%) according to 2016 Annual Report. Making representations to the Company would be futile as the Directors have made their decision and, in so doing, MUST give the interests of the Company and shareholders top priority - even if these may not be in their personal best interests. However, if you believe that your best interests have not been properly considered and wish to take the matter further, there are other avenues that may be worth exploring - Aust Shareholders Association, ASIC or the relevant industry Ombudsman. Your case would hold more weight if other shareholders came on board with you - may not be too difficult to achieve.
MDG Price at posting:
8.0¢ Sentiment: Sell Disclosure: Held
