Australian Securities and Investments Commission (ASIC) 1 - A member of a company is commonly called a shareholder. 2 - The members of a company own the company, but the company has a separate legal existence and the company’s assets belong to the company. 3 - You can make decisions about the company by passing resolutions, usually at a meeting: 4 - The process to be followed in calling meetings, conducting meetings, and voting at meetings is in Pt 2G.2 of the Corporations Act. 5 - Members who hold at least 5% of the votes that may be cast at a general meeting of the company have the power to: •call and hold a meeting themselves, or •require the directors to call and hold a meeting.
Below, please find areas of concern that this investor believes must/should be addressed and resolved..
WHAT HAPPENED TO ANTICIPATED COMMERCIALIZATION OF THE FOLLOWING? Stable Isotope Program Silicon Isotope Superlattice Solar Energy Conversion Cell Thermoelectric Power Technology Optical Communications/Photonics ------------------------------------------------------------------------------------------------------------------------------------
Silex Ventures – Consolidated Losses/Gains 2003 to 2014
2003 LOSS = $4,088,955
2004 LOSS = $11,284,046
2005 LOSS = $10,229,745
2006 LOSS = $10,273,257
2007* GAIN = $8,109,957
2008 LOSS = $9,248,155
2009 LOSS = $3,755,608
2010 LOSS = $19,003,652
2011 LOSS = $31,481,766
2012 LOSS = $36,970,624
2013** LOSS = $230,451
2014 LOSS = $29,488,786 ----------------------------------------------- TOTAL LOSS = $166,055,045 (Accumulated loss shown on 2014 Preliminary Financial Report is $148,650,577)
*2007 LOSS = Translucent and Fiberbyte/Chronologic operating loss - $7,400,000
**2013 LOSS = Translucent, Fiberbyte/Chronologic and Solar Systems operating loss - $14,900,000 ------------------------------------------------------------------------------------------------------------------------------- Silex - ASX Preliminary final report year ended 30 June 2014
Note 13 Assets Held for Sale On the 30th June 2014, as part of the completion of a major strategic review of the entire Silex Systems Group, Silex Systems announced an accelerated transition to market for subsidiaries Solar Systems and Translucent. It is expected that an outcome with the aim of reducing the need for parent company investment beyond FY 2015 is highly probable in the next 12 months. As a result, these two business segments, net of cash and held to maturity investments, are reported as held for sale. ------------------------------------------------------------------------------------------------------------------------------ CASH SALARY, FEES and SUPERANNUATION (Excluding Options and Remuneration) 2003 - CEO/MD = $434,757 2003 - Directors = $43,600 2013 - CEO/MD = $855,435 2013 - Directors = $93,740 minimum SALARY INCREASE 2003 to 2013 = 100%+/- ------------------------------------------------------------------------------------------------------------------------------ NUMBER of SHARES June 30, 2003 – 132,329,629 June 30, 2013 – 170,249,150
The above shows an increase in share count of 37,919,521; said share count is 29% dilution in share value. --------------------------------------------------------------------------------------------------------------------------- And,,, the inflation factor,,,
The equivalent of 1.00 AUD on 01/01/2003 is 1.46 AUD on 08/09/2014 Inflation over the period: 46.19 %,
The equivalent of 1.00 USD on 01/01/2003 is 1.33 USD on 08/09/2014 Inflation over the period : 33.42 % ---------------------------------------------------------------------------------------------------------------------------
The above information is, in total, taken from Silex Financial Reports; for investors, it does not paint a pretty picture. Are the results shown above what you, as investors (shareholders) envisioned?
Do the financial records/results encourage you to accept/embrace the latest business plan, (Company Restructure)? – Company restructure means, management wants to limit their actions to receiving and managing profits received from GLE for laser enrichment.
If you have thoughts on this matter please share them with the board. If you may have a possible solution to return(?) this Company to its original goal, the one leading to success, please share with the board.
Personally, I want to see growth and profitability for this Company – That is why I invested in Silex. And yes I do have a couple of solutions that just might return this Company to a prosperous environment and I would be happy to share; but first I would like to hear from other investors.
SLX Price at posting:
76.0¢ Sentiment: Hold Disclosure: Held
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