But this is the guy trying to garner support for his petition! This is the 3rd or 4th email I have received about it. I get that I can block it but I just find it extraordinary that some random can get the entire shareholders email address's and bulk email.
Did anyone else get this recent one? and what are your thoughts?
Dear Horizon Minerals Shareholders.This email was sent to smaller group but it was so popular that we now send to the broader group. Apologies if you already received it. The following was sent to the ASX. Our new petition is attached. Thankyou to those who have continued to support our new constructive approach. We already have over 200 signatures. It is enough to say that you accept and support the petition (as your signature).
Dear Mr Falconer
Further to my email of 30 May, please be advised that I am now a spokesperson for about 300 shareholders in Horizon Minerals Ltd (HRZ) who are rightly concerned about the conduct of that company .
As you know HRZ has frequently been in breach of ASX Listing Rule 15.7 to the disadvantage of shareholders and this leads to suspicions of insider trading which is now a matter for ASIC.
However, we wish to bring to your attention the HRZ announcement to hold a General Meeting in Perth on Thursday 10 July for the purpose of ratifying share issues referred to as "Tranche 1" being the issue of 420 million new shares plus "Tranche 2" being the issue of a further 495 million shares.
It is extraordinary that none of these 915 million shares have been offered to ordinary shareholders who will suffer a financial loss due to dilutive effect created by these extra shares.
Major shareholder and Chinese owned company Golden Crane Holdings Ltd will be entitled to 214 million shares under resolutions 2 and 3 while "sophisticated investors" will be entitled to 640 million shares. Resolutions 7,8,9 and 10 are in favour of the 4 directors of HRZ who are entitled to acquire 465,117 shares each for $20,000 or $0.043 per share.
We small shareholders are opposed to all resolutions and will vote against them.
However we wish to bring to the urgent attention of the ASX our concerns about the conduct of the General Meeting.
1. The meeting date of 10 July does not allow us adequate time to contact all other shareholders and advise them of an alternative proposal that we are preparing.
We request ASX to act on our behalf and order that the General Meeting be deferred for 1 month.
2. We oppose the eligibility of recipients who have or will benefit by the acquisition of discounted price shares to vote in this General Meeting i.e all purchasers in Tranche 1 should not be entitled to vote in Tranche 2 (resolutions 3,6,7,8, 9,10) and vice versa, beneficiaries of Tranche 2 should not be eligible to vote in resolutions 1,2,4 and 5 in Tranche 1
3. In regard to resolutions 7,8,9 and 10 - being the offer to the 4 directors, none of these directors should be allowed to vote in resolutions involving the other 3 directors.
4. Our investor group wish to present an alternative proposal to the General Meeting and we request the assistance of ASX to facilitate that inclusion
5. Note that this is currently worded as a petition and will be signed by involved HRZ shareholders when tabled at the General Meeting
Please see the attached file for your information.
Mr Falconer we do hope you can understand that we small investors feel appropriate action is urgent and most necessary, so I would appreciate your personal acknowledgement of receipt of this email and your willingness to consider it.
(20min delay)