trading halt, page-13

At the AGM, there was a vote on the resolution to affirm the issue of extra capital already raised. What this did was to 'reset' the ability for the company to raise extra equity up to 15% without needing shareholder consent.

I was the only person in the room, THE ONLY PERSON, who challenged the company about this, and the only hand to vote against it. Now the company can do part of this dilution, without needing any shareholder recourse.


Well, I guess shareholders get the company they deserve...

And based on the passivity at the AGM, these guys have got away with murder, because there just are not enough shareholders willing to pick up the phone, or the email, to challenge the current board on their decisions in the past, and the accuracy of their statements and their expectation-setting.

You do nothing, and you get shafted. Quid pro quo.

Yaq

And I do not apologise for the very public challenges on here. At least shareholders get to consider the arguments and the decisions made, and make up their own minds about the competence of the board.