Indeed. The board can be a lot stronger than it is currently and needs renewal. That battle, if indeed it needs to come to that, is in the future.
Right now the real battle is getting small retail members to actually care about the future of the company they own. A share of the company that they now only own 28% of that which they owned in 2019. That too will soon be potentially whittled away by a further 50m+ share dilution by the end of the year and a 100% guarantee of another capital raising next year.
At the last AGM this company was 84% owned by private individuals. Now it is less than 70%. More corporate ownership concentration is coming, especially with EGP and their convertible debt opening
the door to loosing more of your company. We need to stop this company being taken over for pennies on the dollar, before it is too late.
Here is the same chart, with Q3 added in and the Total OpEx (staff and operating costs combined).
For those that have emailed [email protected] thanks for your support. I believe we can get between 30-40% of the retail votes on board.
Please, lets not pass this opportunity up.
MJB
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