Suspension continues !, page-833

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h00ts

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20/08/15

14:29

Post #: 15843350
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Originally posted by ozblue ↑

Hoot's,
What's the alternative? do nothing and hope? That is the usual approach and the company goes to China anyway. I'm suggesting shareholders fight to keep their company.
Sure they could possibly replace most of the board, then what? Do nothing? If you have 3 separate groups acting in concert as one, then I think if shareholders pushed it, the T/O provisions of the corporations act would come into play about a T/O offer to shareholders, ie more than 20% acting in concert as one.

If my suggestions are a tad naive, then what's the alternative? You and I both know do nothing means the end of the company.

It is amazing how stirring the pot makes things happen, I've done it against govt departments on numerous times when people told me there was no chance etc etc, and won. Who is to say the 3 that took the shares from the 2013 SPP underwriter will not vote FOR motions for cheaper shares? You never know until you put it to the test.

Giving up without trying something to salvage some money/value from the shareholding is not something I would do, so what do you suggest as the clock is ticking towards that first repayment and the company has no money?

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Alternative ? Just use your current numbers on the board to sell the product thats on the ground to Glencore - eitherway if your going to stick a red hot poker up their nose the result will be the same ( IMO)

CDU Price at posting: $1.11 Sentiment: None Disclosure: Held
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