They are already holding an EGM so get together a 100 members. Put forward a statement outlining the following :
1. The historical background of dilution and destruction of shareholder value by the current Board.
2. The deal with XEPT is significantly less than inherent value of the technology / commercial potential ie: market cap $20m (as noted in Annual Reports) and it also doesn't adequately reflect the invested capital contributed by shareholders.
3. Has the company considered all options including a licensing deal to XEPT rather than a controlling interest of 55%?. The licensing deal funds could be used to repay a portion of the MND debt and avoid the dilutive effects of the current deal.
4. The company has failed to properly capitalise on the successful completion of the WMRC project. For example: there has been no site tour of the successful plant and or presentations to the market since the announcement or further update in relation to the status of the pipeline of projects in NSW & SA.
5. Has the company been involved in discussions with other potential partners / & or suitors?. Have expressions of interest in the technology / commercialisation been advertised and or widely circulated to industry participants both locally & overseas?
Finally, put forward the following resolutions:
1. Removal of the following Directors..........
2. Appointment of new Directors.........
So that's a quick example......I'm sure others could also greatly contribute if so inclined.
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