I received a letter from Alignment Capital and others involved in the movement to remove Duncan and Kevin. The letter is very powerful and outlines many of the short comings of this board whilst operating this company from a IPO to a nearly 97% loss in share price......REASON 1.....vote them out!
They raised 2 million secured against their assets via convertible note only to spend it in record time.........REASON 2 vote them out!
We have continually been suspended, once to come back to retract statements about supposed income and deals. The open market place who might require a platform like this would have no confidence in a Company who operates like this.........REASON 3.....vote them out!
They intend to blow the corporate structure up and torch current shareholders via the conversion of existing notes on favourable terms.....REASON 4........vote them out!
Mr Baum traded in TKF in a Blackout Period.......REASON 5......vote them out!
Under their guidance TKF has basically fallen apart and is a breathe away from torching current shareholders IMO. Don't throw your Proxy in the bin, VOTE no matter how BIG or SMALL your holding is.
What YOU can do about this You have the power to stop this opportunistic and extraordinarily dilutive proposal by voting at the Tikforce general meeting. We recommend that you:
• Vote FOR resolutions 1 and 2 to appoint Messrs Fowles and Meacock as directors.
• Vote FOR resolutions 3 and 4 to remove Messrs Baum and Anderson as directors.
• Vote FOR resolution 5 in case Messrs Baum and Anderson attempt to appoint other directors.
• Vote AGAINST resolution 6 to keep Mr Andrew Houtas as a director.
• Vote AGAINST resolution 7 to stop Mr Baum’s nominee, Mr Stuart Usher becoming a director.
• Vote AGAINST resolution 8 to reject the issue of shares and options on conversion of the convertible notes.
• Vote AGAINST resolution 9 to reject the placement for up to $1 million which would also significantly dilute existing shareholders.
• Vote AGAINST resolution 11 to maintain Tikforce’s current placement capacity.
We make no recommendation on resolution 10 as Alignment Capital has an interest in the outcome.
To make your vote count at the upcoming Tikforce General Meeting on 20 August 2018 you should either lodge your Proxy vote online or complete and return a Proxy Form to Tikforce’s share registry, Advanced Share Registry. If you want to vote with us you should insert your full name and address in the Proxy Form as they appear on the Tikforce share register, sign the form in accordance with the instructions on the form and return it to Advanced Share Registry. To assist you in voting, we have enclosed a Proxy Form appointing our lawyer, Mr David Sanders as your Proxy to vote as recommended above. If you have already voted/lodged a Proxy Form, you can change your vote by lodging a new Proxy Form. Please follow the instructions on the Proxy Form and lodge your proxy/vote with Advanced Share Registry by the deadline of 10:00 am (WST) on 18 August 2018 either online or by returning the Proxy Form. So that we can ensure that your vote is counted, please also email a copy of your completed Proxy Form to us at [email protected]. If you have any enquiries on how to vote or how to complete the Proxy Form, please contact us (using the details below) or Advanced Share Registry (using the details on the Proxy Form)
TKF Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
