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30/01/15
11:40
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Originally posted by bluebottle18
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More drama`s and continued delays. Nothing has changed with this company. Due diligence was suppose to be completed at time of meeting so s/holders could accurately vote.
Now a further review and change in which another vote must take place.
Continued waste of funds. Money we don`t have.
A email concerning lack of disclosure to s/h`s was ignored.
In other words this means that what was voted on recently is now void.
How sad it is that management are being paid but are not performing to expectations.
This oversight is unacceptable and an indication of the future if any Foyson has.
We are now looking at another six months delay. If I was IGE I`d be looking at a major company or investor.
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While the delays are frustrating, the following excerpt from the Quarterly is quite promising in regards to management holding back their own salaries until the company makes a profit.