QMN 0.00% 16.8¢ queensland mining corporation limited

healthy bonus of $126,000 for hr!, page-7

  1. 24,386 Posts.
    lightbulb Created with Sketch. 176
    You only have two choices here:

    1) Call for an EGM to dismiss the Board, or

    2) Wait for the next AGM and vote against all the resolutions, including the re-election of the incumbent Directors.

    Only then, they will learn that they will have to earn their money, and stop dipping their noses in the trough at our expense.

    After all, it is not very hard anymore. Shareholders, at large, have had enough of these rorts, and it has just happened to MPO where both the Chairman and another Directors have been dismissed during an EGM, followed closely by the Departure of the CEO/MD and now possibly the CFO as well.
    Even the media was anticipating that the shareholder's move had no way of succeeding, but in the end Shareholders won in a landslide, and it was a total disaster for the Board and it's Directors.

    It can happen. All you need to get someone interested in making the first move and setting the wheel in motion. The rest will follow. No one thought that MPO could succeed, but in the end it did, and overwhelmingly as well. The Directors had to pack their bags immediately after the EGM.

    Buddy
 
watchlist Created with Sketch. Add QMN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.