I got the announcement emailed to me as I am registered for recieving announcements but I like how they just send you a brief version you need to click on the link to get the whole story .
"Dear MR ---,
Mallee Resources Limited advises that it has entered into agreements with shareholders to provide AUD$3 million of additional equity funding. In addition, the Company has entered into a standstill agreement with Hartree Partners and will receive an additional AUD$1.2 million in respect of concentrate produced and under holding certificate.
To view the announcement please click here."
I always thought wrongly that JL holding quite a large amount of shares was our safety net if we lose money he does also but seems his salary trumps any shareholdings he has. .
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How do we, the shareholders remove John Lamb as managing director?, page-62
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