This guy had zero shares in the company. Says it all.
Pinto is the only board member aligned to shareholders. the others would be happier to take a cheap take over offer IMO.
If Cartesian do control the board (lets agree to disagree) then shareholders will get screwed in any negotiations with Anglo.
Do you want to take that risk now of cartesian being in control??
Now is the perfect opportunity to get IMO at least two more directors who can represent retail shareholders.
The HotCopper retail shareholder group is now close to 100million shares and I would guess that there is a lot more waiting to see what will happen before joining. If people could actually start discussing how to take the company forward you could come up with a name(s) to nominate for the role. Or at least pressure Pinto into getting someone else who has a tonne of shares (that they actually paid for like Pinto) to Jon the board.
Act fast before another finance guy, who knows another director, neither of whom have any shares or know anything about mining, gets appointed and immediately picks up millions of free "performance" shares before Anglo offer 2c a share.
