Ann: Freedom Completes Successful A$25 million Share Placement, page-24

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spylord

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09/08/18

11:31

Post #: 34827621
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Originally posted by johnp12 ↑

Unless ASIC decides to take some action (and that could be a long wait, even if they make further enquiries), the horse has probably bolted on this episode.
The only issue now is the trustworthiness of the Board, and specifically those who seem to be responsible for arranging finance. Their duty is to advance the Company in the interests of those who elected them: the Shareholders. They would argue that the means justifies the ends, so if they are allowed to, they'll probably do something similar again.
The only people who can hold them to account are the same Shareholders. They can only exercise their rights by lobbying the Chairman and by voting at all meetings, directly or by proxy.
Mike Yeager should be asked to question whether he has co-Directors with appropriate values to go with their skill sets.
Shareholders should vote against proposals that go against their collective interests and against the reappointment of Directors who appear to be favouring either themselves or minority interests.

Perhaps someone could also approach an organisation such as the ASA for advice

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Looks like it is getting sold down to CR price gradually which will create a new floor price. Great job by the co & the ones with inside information to drive the SP down by nearly 50% over a couple of months really looking after mum & dad holders at the expense of the rich .

FDM Price at posting: 17.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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Ann: Freedom Completes Successful A$25 million Share Placement, page-24

Top Stories

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Vulcan appoints investment bank and M&A veteran to board

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

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Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

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