STE 10.0% 5.5¢ stratatel limited

Ann: Notice of Annual General Meeting , page-3

  1. 171 Posts.
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    How do the holders plan to vote at the upcoming meeting?

    I am going to vote against the acquisition as I think the chairman has clearly put his interests ahead of the minority shareholders.

    J Curve, with negative equity and a loss making business, is clearly not worth the $3.5m plus option upside the chairman will receive.

    STE by itself is worth much more than the $6.7m if is currently trading for with $4m of net cash and recurring FCF of $1m. The chairman gets an awefuly large slice at a very low price.
 
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Currently unlisted public company.

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