Questions for the EGM

I am taking up @prospects  suggestion to start a new thread for someone to please ask the board at the EGM.  I recently received a suggestion from Chris Woods to attend the meeting to chat to members of the board about my concerns.  However, I think they are the concern of everyone who has been duped by fake advertising of CNs promoted as being convertible at a premium, a SPP plan as a Reward for shareholders and so on.

Many people want the board strengthened and salaries reduced.. Here are some of my questions:

1.  Why is the new Bonus Options eligible for new SH including directors and new cornerstone investor rather than SH on the register at the time of the announcement?

2.  Why is new CR at a 20% discount to an already abysmal SP?  This is more than the 15% discount for the SH who participated in the Reward SPP at 3.3 cents, and will cause massive dilution

3.  Has the board considered the model executed by ESI where option holders were offered loans to be able to convert the options into shares.  If there are strong announcements, and the SP reaches above 2 cents, the capital raised would be an extremely significant amount and the COY would not need a further CR?

4.  Has the board considered pay cuts  until we break even?

5.  When did Aegean sell down its holdings?

6. Why were Seneca appointed and the previous Corporate Advisors given the flick, one with 10 million shares as a golden handshake?

7.  Could we please have a full explanation of why the COY negotiated and accepted such terrible conditions for the Convertible Note?

8. Does the company accept that the JCT acquisition was premature and resulted in the need for the CR involving the CN?  Was it a case of a small company biting off something bigger than it could chew?

9. Has the board considered appointing independent directors?

10.  Has the board considered separating the roles of Chairperson and CEO?

11.  Do we need both an MD and a CEO?  Can we afford both?

12.  When can we expect full updates on all projects?  Many projects seem to be in limbo

13.  How does the board see the road back for SH who believe strongly in the main offering of ADRC and RML who purchased at anything from 4 cents and upwards when the current SP is 1.2 cents, the L1 Capital are diluting the share register like nobodies business, and the CR will be at 20 % discount or less than 1 cents causing MASSIVE dilution.

14. When negotiating with the CN holder, L1 Capital, were the board aware that they are specialists in shorting stocks?  (And apparently also turning them into laughing stocks..)

http://www.copyright link/business/...-unloved-and-overhyped-stocks-20160421-gobsqh

http://www.copyright link/business/...ree-rules-for-investing-short-20170324-gv5kqk