Agree Scandal. Delay never equals GOOD.Not sure if shareholders...

Agree Scandal. Delay never equals GOOD.

Not sure if shareholders not participating will be benefitial too anyone. Just means CPS get more fees and PNO get less money after fees. But to be honest unless news comes out to boost the sp, then it will fail with retail investors. The line of people buying at 0.7c and trying to sell at 0.8c will be huge. Then stale holders jump the queue and sell at 0.7c adding more down pressure.

Shareholders are the benefitial owners of PNO. But often we are treated second rate. Its not uncommon. Typically it happens when their is an absence of a major shareholder in the top 20 that can apply pressure.

The PNO top 20 is very thin.

The PNOmeetinggroup is a very noble idea. Board representation would be a potentially great outcome(but has risks also). But its not the only path forward.

Just having a group that speaks for a large voting block, is enough to replace a thin top20. Their is no reason why the group cant apply pressure and get answers as one large major holder would. No need for the Section 249D.

We will give them the benefit of the doubt until the announcement is out, but if it is bad and due to mismanagement then questions should be asked.

But before judging always try and see where they are coming from. Its easy to criticise elements like a discounted cr, but its not easy to put forward an alternative.