Vote NO to Gavin Argyle’s Election at the Upcoming AGM

Since the Argyle family ousted the former CEO, MKT’s share price has plummeted from 83 cents to today’s closing price of 17.5 cents – a staggering 80% decline! This alarming trend reflects the way the Argyle family has been treating MKT as if it were their own family business, with Gavin Argyle himself making statements that clearly indicate their prioritization of family interests over sound corporate governance:

1. “Family shareholding position, my dad is the largest shareholder and it puts extra responsibility on me in order to maintain corporate values and his values in various business activities. The severity of the staff cutbacks was not in the core values of our family.”
2. “The family position and the board certainly weren’t aware of the severity. We thought the number was 30, and that was discussed and agreed with Adevinta as part of the sales negotiation. It’s not appropriate for me to start talking about ‘core values’; it would seem shallow or contrived. Maybe at another time.”
3. “Core values that are integral to our family’s successful investment and strategy—there’s no business plan that you learn… there’s honesty, trust, loyalty; these are our core values.”
4. “My dad worked at the World Bank for 35 years in Washington, DC, so I’ve essentially had an economic tutor my whole life, understanding the importance of allocating capital efficiently and not doing things that are experimental.”
5. “The philosophy that my dad taught me.”
6. “Mea culpas – I take responsibility for it because my dad owns all the shares, and who else but me is going to come in when situations arise that are dark?”


We must act now to prevent further erosion of governance within MKT. Let’s send a clear message: Vote NO to the election of Gavin Argyle at the upcoming AGM!