Current board only holds 15m shares or 4% of the company, even less than 5% which can be called a substantial shareholder.
SE1 is a public and listed company, shareholders are the owner, management is not, they just been paid by us.
it has been nearly 12 months since Se1 sold previous business, quite a long time, 1/80 of most people’s lifetime wasted.
As a listed company, in semiconductor sector, $7m+ cash on hands, it’s really hard to understand why it takes so so long for management to merge or acquire a new business for its shareholders.
now management keeps silent, major shareholders also keep silent?
most of shareholders even got no idea what Is the RTO in discussion atm, totally no idea about what acquisition, what industry, which project
is. 4% shareholding Should Not block and be irrespective to shareholders who owns 96% of the company. No secret and confidential info to its owner.
Enough is enough! Board does not cherish their money and lifetime, but we do! And we have rights to do!
given there is still no any company updates to us in next two weeks, I have to start class action to against current board, if other shareholders thinking the same way, I encourage you to join and now we only need 23% shareholding to dismiss current board.
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