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10:26
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Originally posted by eastwest101:
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Because communicating with shareholders is not optional, it's something called accountability/good governance/full disclosure? If the company can't afford a few hundred self-addressed envelopes, then it probably can't afford to drill offshore oil exploration holes? The cost of a drill rig per hour would dwarf the cost of a few hundred or a thousand or so self-addressed envelopes so if we even accept the ridiculous notion that the company can't afford to keep its shareholders informed, then why did I tick the electronic only communication preference and then still get this in the mail? Let's join the 20th century now shall we, given we are now in the 21st century of communication preferences. If they really are all about efficiencies and more agile communication, then how about doing that? The company knew that I wanted electronic comms only, and yet still hasn't given me an efficient electronic method to make my own decision and wasted money posting out individualized forms complaining about a shareholding register and the costs of maintaining that is completely typical.
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Do you know that the buyback exists and do you have the option to opt out? Yes, you do...so the communication is adequate. Whether a return envelope is present or not is completely separate to the quality of comms. That's an optional addition and it's in the company interest to not provide this.
