It's a comprehensive and well thought out report. Would share but it is copyrighted I believe.
My summary, they dont believe Vitrinite parties version of events. They do believe the companies version of events.
Why would Australian shareholders pass effective control of the company to a group of yanks who dont think it is 'significant' for related party transactions to go unreported? What will they want to do next? Beggars belief and as they hold 19.9% shareholders have to be diligent in voting or Vitrinite and co will get away with it. The cynic in me says they want the bank balance.
https://uploads-ssl.webflow.com/625624dea6f87c927a3b1737/63452fae112a09e777b147aa_111022%20Final%20Board%20Letter%20to%20Shareholders.pdf
The companies response in case people haven't read it.
Seems all the non-aligned experts (ISS and Glass Lewis) are saying don't have a bar of any board change from this mob.
The Australian newspaper has taken the issue up as well.
https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fmining-energy%2Fx64-stoush-deepens-as-proxy-firm-recommends-against-rebel-shareholder-motions%2Fnews-story%2F9cc652ff08c72402759b49356ad75e1f&memtype=anonymous&mode=premium&v21=dynamic-high-test-score&V21spcbehaviour=append
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- Glass Lewis also recommends VOTING AGAINST all resolutions
It's a comprehensive and well thought out report. Would share...
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