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Ann: Notice received under S249D & Shareholder Update, page-69

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halbebe

300 Posts.

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20/07/23

15:28

Post #: 68891070
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Originally posted by camban: ↑

Fraser’s on-market purchase on 03/06/22 - which was initially hailed here by some as a sign of confidence that “surely” nothing could possibly be wrong - worked out to be just 23 days worth of the hundreds of thousands of dollars of subsequently remunerated “consulting work” @ $3K per day!!

Interesting to contemplate too that if the wording of proposed resolutions are carefully integrated to include distribution of the escrowed LLL shares to FFX holders as a related outcome of the director spill then Borg presumably won’t be able to vote his 14m shares (assuming he’s in support of his old colleagues) but instead must abstain on that part. He is a Leo director and would be clearly conflicted if opposing (or benefiting from) a distribution of LLL shares to himself/his own company/Super fund.

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He’s definitely working hard for shareholder best interest, a shareholder interest, himself. Probably justify his fee with that on market purchase, since there’s that shareholder interest he has to take care of.

FFX Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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Ann: Notice received under S249D & Shareholder Update, page-69

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