General Meeting Resolutions:
1. ratifying 35,584,502 shares at .001c
2. approval to issue the $500,000.00 convertible note shares......546,666,666 shares @.00075c and 546,666,666 options exercisable at .001125c With expiry in 2019
3. approval for director Nathan Taylor to participate in $102,500.00 of convertible note mentioned in resolution 2. above.
4. approval for director Andrew Houtas to participate in $15,000.00 of shortfall @.001c
5. approval for director Nathan Taylor to participate in $100,00.00 of shortfall @.001c
What are peoples thoughts? We have all been torched and kicked around....
My thoughts on the AGM resolutions:
1. I can stomach punters @.001c.... we all got offered to take up .001. - I will vote FOR
2. Excessive money taken ($500,000.00!! when less was needed imo) at .00075c with a 1:1 free attaching 3 year option exercisable at .001125c is unacceptable IMO..... as a torched shareholder....wish I was offered this to soften the blow. At a humble .002c share price the Lucky Privileged and the New Kid on the block director position is worth $1,093,333.33 in stock value and $478,333.33 in options value = Grand total $1,571,666.66 ......for a mere $500,000.00!....done at well below distressed SHELL value........ - I will vote AGAINST
3. The New Kid on the block director has cut himself into the above sweetheart deal to himself and a few Lucky Privileged mates - I will vote AGAINST
4. Another director has participated smalls at .001c - We all got offered at .001c - I will vote FOR
5. The New Kid on the block director participating at .001c - We all got offered at .001c - I will vote FOR
Anyone going to attend? Interested in others thoughts.....
- Forums
- ASX - By Stock
- General Meeting....resolution thoughts
General Meeting Resolutions: 1. ratifying 35,584,502 shares at...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)