Bravo! You might’ve had a recent stay in hospital but you’re...

First 8954 Last

Share
Profile

Follow
camban

3,990 Posts.

2820

07/06/23

16:49

Post #: 68179000
Share

Originally posted by Gwaihir: ↑

I'm already there Gusty, and willing to put myself up as a director if needed, even though I'm older and not in great health. I've just come out of hospital again. It would be good if there was a couple of vigorous, healthy, aggressive young shareholders able to step into director shoes though, who we could all support.

The following actions should be taken;

1. Stop the gouging of FFX shareholder funds (new director fees should be Nil or limited)
2. Guarantee a return of cash to shareholders immediately
3. Guarantee a return of Leo escrowed shares in June 2024
4. Dismiss Treadstone
5. Find new lawyers
6. Find a new PR firm if necessary
7. Relocate the FFX office to a rent-free or low-rent space
8. Slash secretarial fees and office rent space (and don't award this concrete to a director's company)
9. Appoint a new auditor and accountant
10. Cancel all performance bonus shares, and make this retrospective
11. Renegotiate any salaried staff wages and benefits
12. Separate ownership of the gold exploration tenements from Morila
13. Sell Morila for cash (complete exit)
14. Write-Off the Morila loss for taxation purposes
15. Sell or JV the gold exploration tenements for scrip and distribute the scrip/shares to shareholders
16. Investigate any potential legal avenues for recovering the former MD's final payout
17. Appoint a forensic accountant on contract
18. Remove any commercial in confidence restrictions to the books
19. Report the findings of any forensic investigation, without redaction
20. In July 2024, after distribution of escrowed Leo shares, send this whole debacle into administration or simply close the company down for good.

And so on .....

Gw

Expand

Bravo! You might’ve had a recent stay in hospital but you’re still as sharp as a tack!

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
23 Upvote

0 Great analysis

Reply

Top Stories

IRE

Iress runs 'hot' for Wealth Within's stock tips

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Failure to report prompts ASX to impose multiple company suspensions

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

LU7

Strong PFS numbers solidify Lithium Universe's big plans for Québec