Outrigger88, I have no vendetta. I have held shares in Nikolaenko companies before and my concern is for shareholders to know what it is that they are investing in - the eyes wide open approach.
My concern with this guy is that he acts only in his interests - not for all shareholders. He controls companies with directors that he puts on boards rather than being a director himself. Do you think it is fair that a shareholder who claims a 5% interest in the company gets to control the board? Make no mistake because that is what is being proposed. Nikolaenko seems to also be pretty good at owning small stakes but 'secretly' he controls a lot more substantial holdings. No, I can't prove this but ask any broker around Perth and they can tell you it is common knowledge.
Despite the poor translation of a German interview with Nikolaenko the gist of the article (posted on WME a few days ago) was that he really controlled 40% of WME and therefore he was going to win at the requisitioned meeting.
You may not care about this but this is against ASX and the law. If Nik really controls 40% or anything more than his 5%, all shareholders should know about it.
I have no reason to get into an argument with you. You may not agree with me and that is fine. As I said my reason for looking at this is Disclosure and Transparency, no other reason. As I said with my Reefton postings my only motivation is to make sure everyones eyes are wide open. What you chose to do with this info is totally up to you.
btw I agree with you that my sentiment was wrong - that has been changed.
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