They are HUGELY VULNERABLE... Management don't even have enough shares to approve an afternoon tea party .... Any group with 5% of the vote and a REAL VIABLE alternative would topple them , not to mention any of the handful of major shareholders,,, I am in fact surprised that someone hasn't started this process just to get at the cashed up company... I personally think the issue of performance rights is to give them the leverage that they need without paying for them, and THIS notion of increasing the amount of shares that can be issued without shareholders approval is TOTAL NONSENSE ... You have close on $18 M , but would like approval to issue another $ 4 -5 million of shares without SH approval????
They are NOT people with clean hands, IF they were they would spell out their agenda... They should NOT be allowed these changes for mine
MAN Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
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