APG austpac resources nl

Ann: Response to Shareholder Circular, page-4

  1. 930 Posts.
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    Wow. There are still shareholders from 20 years ago in this!
    Nothing has changed. Still using an ozemail email address haha!

    But seriously, there have been a number of issues with this company. I think it's more about a complete lack of understanding and incompetence rather than being 'crooked'.

    But it has been a complete destruction of shareholders wealth, with many cheerleaders who were aggressive in shooting down other shareholders who dared to question the company, from outlandish MD salary, to an attractive partly paid shareholder plan for directors, to constant promises each AGM in order to buy time.

    I don't think there anyway near enough protection for shareholders in these stocks. Without any institutional shareholders, it's not easy enforcing change.

    Best of luck for the long timers. Hopefully you get some $$ back.
 
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