VXL 0.00% 11.5¢ valence industries limited

With the approaching AGM and the appalling performance and...

  1. 457 Posts.
    With the approaching AGM and the appalling performance and financial state of this company I think it is time for all shareholders to have a say about the state of play.
    Like almost every shareholder in this company I am now seriously out of pocket and I can not see a way forward under the current Board.
    Not one promise has been delivered in 18 months, communication to shareholders has been almost non-existent and after the IPO and two Cap Raises we are now faced with having to redesign and rebuild a newly redesigned, refurbished and rebuilt production facility. Really?
    We have gone from being the top IPO of 2014 to bordering on bankruptcy in 10 months, and no explanation from the Board. Time to go.

    I would like to gauge the feelings of others re the following for the AGM
    1/Voting against the re-election of the chairman and
    2/ voting against the remuneration report.

    I am also of the opinion we as shareholders should be holding the Board to account and demanding an EGM to spill the Board for a fresh start.
 
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