Just a section of what I posted from Intelligent Investor.
Mr Tan has proposed the removalof Donaco's five existing directors and that they be replaced by himself andfour other directors of the requisitioner's choosing. It's possible that Mr Tanis acting on behalf of Somboon, with the intention of cancelling theSingaporean arbitration to remove Somboon's potential legal liability. Ifthat's the case, Donaco shareholders would be significantly worse off by votingin Mr Tan and his mates. Given the risk, the best course of action is to vote AGAINSTresolutions 9 through 20 at the upcoming AGM.There's always the chance thatMr Tan isn't acting on behalf of Somboon, of course. But it still seems sillyto vote him in anyway. The last thing Donaco needs right now is more boardinstability, and given the chaos and wealth destruction he presided over aschief operating officer between 2017 - 2019, I struggle to see how he's abetter fit
Just a section of what I posted from Intelligent Investor.Mr Tan...
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Last
4.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1442074 | 4.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 419760 | 3 |
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