removing ron...

Just a follow up to yesterdays thread on the DMN defamation case.

I have received a letter this morning from the major shareholder, Intercorp, who are trying to get rid of Ron Moir and Mark Popham from DMN.

Some of Ron's efforts include:

From July 2001 to June 2009 (100% Moir) DMN has lost $20,460,000, and RM and MP have been paid, best to sit down for this bit, $2,768,000 combined.

They have issued 1.6 bill shares in that time, with RM selling shares in DMN last December.

On 19th of Jan, Intercorp served a request to the directors of DMN to call a gm for the above purpose. They had until 09/02/2010 to call the meeting, but didn't. Too busy chasing pseudonyms probably.

The last 1/4erly showed receipts of $53,00 from customers, and also showed staff costs of $343,000 and directors remuneration for approx $226,000, with a net operating cashflow for the 6 months to 31 Dec of NEGATIVE $602,000.

Thought some of the readers may like to know, it is just not some in here disgusted with how DMN has been run for past 9 years.

Regards, from TCG who will be voting for the replacement.

TCG