TKG had their AGM last Thursday. The resolution to approve its remuneration report was defeated. In my mind given the number of shares voting against, it was Sentient who opposed.
With the services provided by its chairman at $300,000 per annum it shouldn't be much of a surprise anyway.
Whilst the vote is non-binding, the message delivered through it is strong. Let's just call it strike one.
In the meantime, TKG is getting itself into a difficult situation. The MNC shares it still controls are now "only" worth 3.69M whilst according to its annual report its trade payables come to $3.1M and its borrowings to $3.3M though some of the trade payables ($0.9M) and some of the debt (1.3M) is owed to Mr Hudspeth or his companies.
So in regards to the activity at the Auction on Friday, yes it may have been TKG or Notesan selling and maybe Sentient buying.
We will find out, hope MNC issues a new top 20 soon.
Starline,
The two companies into which it has invested are HCH (placement only) and SUH (Farm-in and placement).
Alejandro
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STO, BDR, HCH, MNC
some news, page-16
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Change
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Mkt cap ! $9.648M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $40.10K | 4.010M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 800344 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1133275 | 5 |
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