AT1 atomo diagnostics limited

The Board of Directors and the executives are repeating the...

  1. 212 Posts.
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    The Board of Directors and the executives are repeating the appalling performance quarter after quarter after quarter destroying shareholders wealth.
    How can they justify the spending? R&D is a dismal $16,000 for the quarter.
    For every $1.16 received from customers, they spend $0.962 producing the products resulting in a Gross margin of $0.20 ($1.16 - $0.962
    For a Gross margin of $0.20 how can this Board of Directors ("BOD") justify the INDECENT amount of $1.256 on the FAT cats (staff costs, administration and corporate costs).
    This BOD has perfected the business model to destroy Shareholders Wealth feeding the Fat Cats.

    Please show your appreciation for the BOD and executives destroying your wealth by voting:
    • Against Resolution 1 - remuneration report feeding the FAT CATS
    • Against Resolution 2 - Re-Election of Ms Deborah Neff as a Director. The cleaners cleaning the factory toilets are doing a more useful and productive task. Deborah was appointed Non-executive Director on 15 September 2021 The only thing going up is executives remunerations while share price is falling down a cliff to penny share status.
    • Against Resolution 3: Placement Facility. The BOD and talented executives would like shareholders to approve this resolution to enable them to issue more shares without seeking further shareholders' vote.
    • Against Resolution 4: Amendment of Constitution - these geniuses would like shareholders to allow them to hold Virtual Meetings and avoid facing shareholders in person to account for their management of the business to a Penny share company.
    • IN FAVOUR of Resolution 5: Spill Resolution - HOLD the FAT CATS accountable.

    Please register your vote on line or turn up for the meeting on 15 November 2024 to hold the BOD and Executives accountable.

    Last edited by 1Abobo: 30/10/24
 
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