The thread seems to take 3 issues, lack of communication, value...

The thread seems to take 3 issues, lack of communication, value for money of a $1m package for a company of this configuration and share issues.

The first has a place for resolution and that is at the AGM, and to do that you have to attend. Often problematic, the alternative forum is this one. Many companies struggle with this, as we all know.

The second, again, at the AGM in the vote on the rem package. Remuneration Report 2010 votes for 1.298 million, votes against 28,130. Remuneration Report 2010 votes for 15.383 million, votes against 5.104 million. So, last year big protest, not much change, this year zip.

The last is legitimate and open to create some action by shareholders to query the Board. Let's assume GBE needed to raise $1.35m, which is the gross amount raised before costs of this placement.According to the Appendix 3B issued 16/12, before the issue there was 95,406,740 shares on issue. (Item 8 at part 1 less 5.4m issued in placement).

So, assuming that persons a b and c are known to the Board as being willing to subscribe at 25c (the persons who took up the placement) it would have been open to the Board to do an underwritten rights issue with persons a b and c underwriting the issue. A 1 for 17 would have issued 5.4m shares.

Not an enormous task logistically. A simple mail shot on minimalist paperwork - no more than the placement people needed. 1756 shareholders.

About $3000 per average shareholder.

Not a costly task.

No regulatory burden.

Importantly, sending a signal that historic shareholders are valued, but that if this price is not for them, the underwriters (who are being paid a fee) will take up the shortfall.

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