Sweeney has gone.
Hendrich sitting out his payout til 31st.
Leaves TWO Directors. JUST TWO DIRECTORS.
Including the Chairman whom is a director on another company undergoing a merger (MEL)
The only person left that is remotely interested is the CEO Peter Stickland.
Very clever not giving him director status.
The Rats have left the scuttled,sinking ship MEO.
I would imagine without a deal other than Mosman, appearing soon , we can not rely on the two remaining directors having the slightest care for what happens to MEO.
SO what to do?
Read the Mosman offer thoroughly.
Make a decision based on your requirements.
If you are not in favour of a takeover, express it by voting when and if required.
Then if the takeover is turned down.What are the shareholders going to do with the current board of directors.?
Beats me as we have no major shareholder with clout. And a CEO whom is not a director.
The chairman was ready to quit if the merger with NEN was successful!!!!
I might add for shareholder benefit and peace of mind , just put the non holders that contribute to the MEO threads , on IGNORE. that's a good feeling alone.
A very deflated IFINO
MEO Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
