Ann: Results of Meeting, page-4

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LennySummers

2 Posts.

22/01/24

12:08

Post #: 71997840
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Originally posted by no1001: ↑

A narrow swing and a miss for Shane. I'm sure that the board now have a little more time to prove they can steer the ship in the right direction, before another EGM is called. I can't see Shane missing again if things don't turn around.

At the EGM, there was talk of a $10M raise at $0.01. That issues another billion shares, diluting all shareholders by around 70%. Why didn't they want to stream the EGM to all shareholders, what are they trying to hide?

This whole thing is laughable. Either go bust, do something or hand over the reigns... Clinging onto life while board members get paid hundreds of thousands of $ a year and flying the chair out first-class from London to sit in a room for 30-minutes, at the expense of shareholders.

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Honestly who wants to be giving them $10m at this point?

MKL Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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Ann: Results of Meeting, page-4

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