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13/10/16
16:40
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Originally posted by paytrade
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I with TW, Grumpy and yourself Gallea on this one. I think Glyn has just telegraphed to all in sundry over the last couple of weeks something positive. Today's release confirmed it for me. Been in this for too many years to see it different (and maybe the size and time of my holding has clouded my judgment...I like to think that it sharpens it).
This is what I think Glyn has telegraphed to the shareholders, and I think the flavour at the AGM will be along these lines.
1) We have pulled the AGM forward
2) We have a HUGE announcement sometime in November (confidentiality bars us from early notification)
3) We as directors need to get into the action before that announcement because we have done the hard yards in making it happen (the ethics of this could be questioned, but hey, they did the work)
4) The shareholder votes started coming in and the 'no' vote has increased and the Directors felt like they need to get more info out before the AGM
5) The performance targets are a shoe in because of point 3 above
So how does all this sit with me? I had my proxy marked no, already to send off tomorrow. I have decided I am not going to vote 'no' now. At the end of the day, yes the comms is not good, but if I have read this correctly and I may not have, then we are all going to make money and lots of it. The directors, who are in the know, may be telegraphing something that all of us benefit from.
Just my opinion, could be wrong. But I am now holding off my no vote.
Best to all, Pay.
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its not better if they asked for it after if all that is truly coming. they will still have what they want and evrybody is happy.. the whole picture at the moment only says we need to have these shares at any costs regardless moral, ethnic or some respect to shareholders