Great find Maccap1986 and totally correct IMO. Unfortunately for us shareholders we are misrepresented by grossly overpaid management with grossly overated opinion of LVT true value!
Key points of truth you have found in this very good summary;
1. Shareprice is currently fair value and possibly not worth anything as LVT continues to bleed money. Absolutely correct;
2. Management overate themselves and the company. Can't argue with that!;
3. Management need to identify and articulate a clear runway to profitability and reduce costs. They have done neither?
No is the go!
With a 'NO' we get the opportunity to change management in November with a second strike.
Using their current entitlements we can attract some serious talent to have a crack at getting shareholder interests back on track. Can we do any worse than we are currently? I doubt it!
No is the go!
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Ann: Notice of Extraordinary General Meeting/Proxy Form, page-11
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