From FB is shows the procedure appears well and truly nailed.
MLM were fortunate enough to have 7 shareholders taking the action who held more than 5%.
Seems CTL shareholders are greater in number so far with some 19 officially taking up action but their holdings are smaller and they haven't got the 5%+ yet.
What would you like to see as a resolution at a meeting of shareholders? Who do you want to see gone? Would you like the same as MLM did and get rid of the entire board and anyone appointed to the board after the notice of meeting is issued???
An ole wise saying goes like this, if you continue to do as you've done you'll continue to get what you've got, and for CTL it is DEBT and expenditure that exceeds revenue, shareholder dilution, con-notes, 5 for 2 raises etc. A capital raising around 1.1cents not that long ago (and especially not that much before the voluntary suspension) was for mill repair and equipment. Then in no time that money gone, and now some $4.1million debt struggling to be refinanced and talk of a person involved in the finance being a director. Add to that two miserable quarters of production.
Is that the sort of management people want?
Might as well gamble at the casino if you do, least there you aint suspended from playing. Here you are unable to walk away, suspended from trading, cant even take your loss and leave. WOW
I hope that group get the numbers and deal with this mess, they got my vote, ultimately all shareholders will get the chance to vote when the meeting comes about.
Those 7 people at MLM brought the action forward, and the result was (regardless of the boards justification to remain) that shareholders voted the board out..... you can thank those 7 people for doing something, hats off to them.
All you have to do is email your :-
Name as it appears on CTL registry
The exact number of shares you own
Your email address so you can sign after everything is prepared.
