Unfortunately they can get any resolution they want passed. Especially when Josh himself is the top holder with over 14% of all shares on issue.
If you look at all past resolutions, they all got passed with over 90% of votes.
Most holders (60%) hold under 5000 shares, so you are talking about most of the registry holding tiny holdings of under $200, pretty dismal when most of the registry is holding unmarketable parcels.
I would be very curious to see what unfolds here, but seems like its just been a big ATM for josh for the last 5 years. Hes made millions whilst sharesholders made nothing, same old story. Its comical that they are wanting to reward themselves performance rights, what performance exactly?
AGH Price at posting:
3.7¢ Sentiment: Hold Disclosure: Not Held
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