change the board, page-21

I haven't seen such a stupid board so far IMO.

They brought this ASF problem for themselves. I was against selling 90m shares to ASF as you may remember. They initially sold 25m shares (before selling 90m) and sp started to come down from 12c. Obviously someone was pushing it down. Who could that be! Of course it could be ASF was pushing it down by using that 25m shares.

Anyway, then when the sp was much lower than 12c, REY happily sold 90m shares to ASF at 12c. Everyone voted ok for it.

But I was against. Here is my post; Source: Click here

I don't think it is going to be good for REY, if ASF can gain the control. I wouldn't vote for them.

I hope this management had their lesson and can keep the control.

If ASF can gain the control, sp may keep going south. Then they can buy more shares and make a undercover takeover the company at a very cheap price. This is the tactic of many other Chinese group operating in Australia. You can't blame them as this is business. You've got to be smart and effective as much as they are. You can't sit on your ass and do nothing.