Using the links provided by abu, I have sent the following letter to Wayne Swan, Kim Carr and my local MP.
I am including it here so that anyone who wants to use the outline can just copy it.
================
Dear Mr. XXXXX
Thank you for your time to read this message.
I am writing to you to request you help in a matter related to an Australian invention.
The share holders of Australia are once again being swindled out of their savings and we need your help to stop this.
The company is Ventracor who is going thru final trials in the US to obtain FDA approval for its heart pump.
The share holders have been disappointed with the current management's performance, and were in the process of calling an EGM to replace the board.
The Board has learnt of this and placed the company in Voluntary Administration, with the view of selling it for next to nothing, leaving the long supporting Share holders short-changed.
The Share holders are now trying to convince the Voluntary Administrator to hold a Share Purchase Plan to raise the required funds. They are also trying to seek legal help to stop the VA from selling the company to overseas investors for next to nothing.
The Share holders are hoping the Voluntary Administrator will look beyond the letter of the law, and rather than liquidate the company, would help the share holders raise the additional funds.
The share holders are willing to raise the required funds, as long as a new board is elected.
If this company is sold, a world class, Australia invention will be lost forever, to say nothing of the jobs lost, financial windfall that will be moved overseas. But the biggest injustice of all, is the long supporting share holders losing their investment, to satisfy the greed of the minority.
This is an extremely viable Australian company, that is being ripped apart for nothing else except corporate greed, leaving the long time, Australian Share holders short changed.
I am writing to request your help to allow the shareholders the opportunity to retain control of their investment by putting a stop to the sale of Ventracor assets by the Voluntary Administrator. The Share holders only need an opportunity to raise the funds. Additionally, I would like to enquire about possible government interest in providing the necessary funds Ventracor by way of taking an equity stake in the company.
Any help you may be able to provide would be greatly appreciated. I can be contacted on xxxx xxxx xxxx or this email address.
Alternatively, the share holders have a single contact point - Vijay Kakani [email protected], who has collected over 5% of share holders' signatures to change the board.
Kind Regards;
- Forums
- ASX - By Stock
- letter to mps
VCR
ventracor limited