No-one asked about the future of the cash on hand. Little wonder. The meeting was so closely orchestrated, carefully minimising the opportunity to comment on anything other than re-election of directors, change of name, and OH's retirement package (which was withdrawn) as it had become evident there was a majority against on votes already counted. Very clever, I thought.
Old man 88 years of age got the first question re number of directors on new board (as per transcript of Joelbaby), got a little of play with colourful criticism of playing loose our money (see Joelbaby again), and took up a lot of time, fumbling with microphone and repeating himself a bit.
Chairman appeared patient but then that was it. That was the longest and the most critical aspect, apart from Stephen Mayne who pointed out the nondisclosure of even more directorships held by Peter Mansell than had earlier been acknowledged and was highly critical of that (once again, Joelbaby's report says it all).
That's all. A rather quiet meeting, almost nervous, as if it may have well taken a different direction and got out of control had the Chairman not held on to the reigns so firmly. cheers, larlie
OXR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
