Email to TNG

I have just sent a new email to the TNG contact email address. It is several paragraphs long but the final paragraph is as follows:

"Recently 90 odd million new shares (votes) were allocated at a heavy discount and with little information of good reason for the need of such a heavy discount when we were so close to getting CLC sign-off. I expect those votes will be for the management line and that has influenced my decision to vote against the Remuneration motion. It certainly looks like a ‘first strike’ is about the only way the real shareholders have a chance to be heard. The removal of Rex T may fail because of the extra 90 million votes to support Rex but a first strike would surely have a good chance of success. It seems the only chance we can be heard is a ‘first strike’ this year, and without some change by management towards acting in the interests of shareholders, next year would probably see a ‘second strike’."