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How Can You Remove A Director From Your Company?LEPIDICO LTD...

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ProCapitalism

5,713 Posts.

1884

24/01/25

21:15

Post #: 77556026
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Originally posted by ProCapitalism: ↑

Yeah, SH should deliver an ultimatum to the BOD.

SH will give management more money on one condition, Joe has to go!! Why hasn't he fallen on his own sword?

Because I doubt the Status Quo will change!!

Joe has to go!
Joe has to go!
Joe has to go!
Joe has to go!

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Originally posted by ProCapitalism: ↑

@Bullrush007

T20 only holds 28% of the company,

That means 72% of the company is owned by "retail" & smaller holders. You all have to agree to terms, hold the line & stick together.

Retail has the power here!

LEPIDICO LTD (ASX:LPD) - Ann: Annual Report to shareholders, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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Originally posted by ProCapitalism: ↑

On second thought, I don't know if the idea came directly from the BOD.

I suspect the "loan" idea came from that small "slacker" group on Facebook.

You know the ones? The ones that claimed JW was the next Messiah & he could turn water into wine, heal the blind & walk on water. The ones that created the term "Lepidicans" & vowed to keep their hearts true to the cause & sacrifice their blood on the battlefield, for their one true love, JW. When they pass on from this world it will be written in stone, on their headstones, "I was a true Lepidican & I died honourably with a pure heart for JW."

You know the ones? The ones that produced their own goddamn T-shirts!!!

"Lepidicans for Lepidico " Kids T-Shirt for Sale by CrimeCultMercs | Redbubble

Lepidico

That "slacker" group on Facebook have poured their heart, soul, money & 10 years of their life into this company & they don't want the dream to die!

Their grand plan? Give JW & the crew more money!! A "loan", because the last $10m wasn't enough!! What would you expect JW & the BOD to say? "Na, don't worry about it, it's all good." If shareholders are stupid enough to give JW & crew more money, well of course they're going to take it!!

How in God's name will LPD pay back that money to shareholders? If it's a convertible note plan, then it's no different than another CR.

How about they sell some mugs, key rings & beer coolers along with the shirts & give that money to JW & the crew?

Just a suspicion of mine with a dash of tongue in cheek & all in my honest opinion!!

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Originally posted by ProCapitalism: ↑

Really?

So much to say over the years & now a cat has your tongue? Any wise words from that guy who lives on another continent, half a world away, about "spineless individuals" on HC?

By the looks of it, I don't think many here are keen to keep throwing good money after bad. If this relists, I think the best outcome for all shareholders here would be to throw JW out onto the street!!

Joe has to go!
Joe has to go!
Joe has to go!

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Originally posted by ProCapitalism: ↑

Joe has to go!!
Joe has to go!!
Joe has to go!!

Expand

Originally posted by ProCapitalism: ↑

That post has now been moderated. Clearly, it's information that shouldn't be posted on a internet chat room.

This forum has long been a place where posters would contact management & then report back here the transcript of the conversation. Posters would screenshot an email correspondence or just rewrite it in a post.

I thought she was a T20 holder? Perhaps she was contacted by the Administrator?

Anyway.....

Joe has to go!
Joe has to go!
Joe has to go!

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Originally posted by ProCapitalism: ↑

Well said!

Joe has to go!
Joe has to go!
Joe has to go!

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Originally posted by ProCapitalism: ↑

All I know is, you don't reward bad behaviour. If an employee is acting up, then no more overtime.

JW has chewed through tens of millions of dollars over the last 10 years, just to go into VA.

My belief is the company needs a young go getter, someone who's out to prove themselves, make a go of it, prove something to the world. Not someone who's starring down the barrel of retirement!! How old is Joe?

Joe has to go!
Joe has to go!
Joe has to go!

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Originally posted by ProCapitalism: ↑

I follow many companies & I've been in & out of this forum for the last 10 years.

I've provided my opinion & analysis of this company over that time & will continue to do so. As you can tell from a small fraction of the links I've uploaded here lately, much of what I had to say over the years has turned out to be a correct or valid statement/concern.

Now I'll provide another opinion of mine.

Joe has to go!
Joe has to go!
Joe has to go!

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Originally posted by ProCapitalism: ↑

That's why Joe has to go!!

Look, believe it or not, I want to see shareholders get their money back, so when Automic calls up to ask for more money, tell them it's with one condition.

Joe has to go!

I believe LPD will secure more funds & relist, because it's the will of all the die hard sycophants but......

Joe has to go!
Joe has to go!
Joe has to go!

Expand

Originally posted by ProCapitalism: ↑

Move on?

Sorry mate, LPD tried to shut me down on here 5 years ago, they couldn't do it. So what chance do you have?

Maybe if they change their business model & throw Joe onto the street, I'll invest here.

In the meantime....

Joe has to go!
Joe has to go!
Joe has to go!

Expand

How Can You Remove A Director From Your Company?

LEPIDICO LTD (ASX:LPD) - Ann: Amended Constitution, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

LPD Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
2 Upvote

2 Great analysis

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