Yes, I absolutely agree. The board is squandering a substantial quantity of shareholder dollars on resolving a set of questions that relate only to how much shareholder money should go into these directors' pockets. It's not just the cost of the outbound telephone campaign, it's all of these extra costs:
- Preparing the notice of meeting and circulating it to every shareholder.
- Outbound telephone campaign
- Administration and hosting costs of the meeting.
There is absolutely nothing in these questions that justifies the expense of a separate meeting... at least from a shareholder perspective. Clearly the directors have a different perspective of their own. With the AGM so close, these questions should have been folded into that agenda. EGMs should only be held to address pivotal questions that can't wait for the next regular meeting.
The whole thing feels Underhanded, sly and self-serving.
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