Ann: Notice of EGM & Despatch of Entitlement Offer, page-2

I find it quite amazing that given the current situation Axiom is in financially, not to mention the paper losses that long suffering shareholders are sitting on - the Managing Director is still ensuring he is paid every (IMO - inflated) dollar he is entitled to.

Surely any MD who believed in the company, or was genuinely concerned about shareholder value/sentiment - would forfeit 25% of his salary (even in the short term) in the interests of getting this company financial.

Once you are shipping ore - hey, award yourself a handsome bonus, do whatever to claw the money back. But - right now - to ask for a shareholder vote to put $250k in your pocket (especially when they are all hurting) IMO seems very self-serving.

IMO resolution 8 should send shivers down the spine of all existing shareholders - and ensure noone but day traders will be buying this stock for a while to come.