Due to the current state of our company's financial position it's now time the OZL Board come to your full senses and fulfill your Director's fidiciary and all shareholder duties and stand Andrew Michelmore (CEO) down immediately.
On his watch, he has lost 85% of our shareholder wealth, generated a >$1b cash burn of our company's cash in 6 months, (in the middle of a global financial crisis), delivered poor transparency of OZL information to shareholders, and delivered "highly questionable" ASX releases of our company details recently...the list goes on. Put simply, he has failed all of us on any performance metric of shareholder wealth creation.
We 100% do not support any of our assets being sold or value destroying rights issues etc. After spending OUR cash, Michelmore should not be allowed to spend OUR Assets or OUR shares too. Enough is enough.
Stand Andrew Michelmore down today.
Its your fidiciary director's duty to us.
Your sincerely,
Your name: Your shareholding: Your address: Your contact phone number:
OZL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
