Thank you for sharing your concerns regarding Mr. Argyle's...

Thank you for sharing your concerns regarding Mr. Argyle's nomination to the Board. I'd like to offer some additional perspectives on the points you've raised.

Firstly, you are correct about the company's founding. While HotCopper was established by Ron Gully in the 1990s, Mr. Argyle has been a significant shareholder and has played an important role in the company's development over the years. The substantial 43% stake held by his family indicates a strong commitment to the company's success.

Regarding the relevance of a director's shareholding, having a major shareholder on the board can align management's interests with those of the shareholders. While UIL Limited, holding 27% of the shares, has not nominated an official representative, this doesn't diminish the potential benefits of Mr. Argyle's direct involvement in governance.

Concerning the cancellation of Capital Investment Partners' AFS license by ASIC, it's important to consider that ASIC may cancel a license if a company ceases to carry on a financial services business, which doesn't necessarily imply misconduct. Without specific evidence of legal breaches, we should be cautious about drawing negative conclusions, especially when the ASIC announcement indicates that CIP simply stopped operating in the financial services sector, leading to the license cancellation:

---
ASIC cancelled the licence because Capital Investment Partners has ceased to carry on a financial services business.
---

https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-119mr-asic-cancels-afs-licence-of-capital-investment-partners-pty-ltd/

On the matter of the circulated statement, it's possible that Mr. Argyle plans to share his vision and credentials with shareholders at the upcoming meeting, which would make sense.

Regarding the Takeovers Panel findings, associations and business relationships are common in the corporate world. Unless there is clear evidence of wrongdoing, we should avoid making assumptions about potential violations.
Could you provide a link to the information you mentioned?
If any concerns were raised several years ago and no action has been taken since, it's possible that the authorities concluded there was no illegal activity, even if there was no official press release stating that investigations were discontinued (if there have been investigations).

The decline in share price is a concern for everyone. However, attributing it solely to the actions of one individual may overlook other factors such as market conditions and broader industry trends. A comprehensive analysis might provide a clearer picture of the underlying causes.

Ultimately, the decision to support or decline Mr. Argyle's nomination should be based on a balanced assessment of his experience, commitment, and the value he could bring to the company.As a 43% shareholder, he is undoubtedly very interested in increasing shareholder value!