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ETF Investing made simple; CEO of justETF explains why


Bowleven Share Chat (BLVN)



Share Price: 32.50Bid: 32.50Ask: 32.75Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.25Spread as %: 0.77%Open: 31.50High: 33.00Low: 31.50Yesterday’s Close: 32.50


Share Discussion for Bowleven


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durby
Posts: 2,146
Off Topic
Opinion:No Opinion
Price:32.50
Looks like ...
Wed 18:58
Many folks are getting calls from company reps ....

You know which p1s5ing pot your money is being flushed down .. thete sure wouldn't be $95m left after this saga is over by the looks of it ....
 
durby
Posts: 2,146
Off Topic
Opinion:No Opinion
Price:32.50
RE: COC
Wed 18:06
And by the way - a very gentlemanly response from the two future directors. In comparison, the leeches sound like a bunch of plebs in their response.
durby
Posts: 2,146
Off Topic
Opinion:No Opinion
Price:32.50
RE: COC
Wed 18:00
Should KH and cronies therefore issue a public apology for indicating in an RNS that two potential future directors will not perform their fiduitary duty - i.e. break the law and act criminally? Discuss!

To me these leeches sound more and more like kids in school looking for a ******* contest the more I think about it. Perhaps it explains why they had such a bad relationship with their Etinde partners in the past?
chris211
Posts: 414
Off Topic
Opinion:No Opinion
Price:32.50
All Figures
Wed 17:16
Below taken from COC letter to shareholders.
chris211
Posts: 414
Off Topic
Opinion:No Opinion
Price:32.50
View Thread (2)
COC
Wed 17:15
To me looking in this would appear somewhat of a no brainer.

Crown Ocean Capital have a reason to issue this GM request... 'In total, the Company has raised more than US$580 million of equity from shareholders over the last 10 financial years only to see the share price collapse by around 90%' whilst ...'the Board was awarded a staggering amount of US$44 million in overall remuneration over the same period;' and stated that ...'The cash burn in the company has been alarming with overall more than US$100 million spent during the last 2 fiscal years alone (with a corresponding US$20 million in administration expenses)'.

In essence they wish to earmark cash to bring on Etinede and reduce board members to 3 and slash running costs.

People on this board could be annoyed at me as I will openly admit I don't hold. Throughout the years I have been in and out of VOG however and I would never look at BLVN as despite its assets there seems to be a huge burn through of cash.

Of course it is only my opinion but I think that the three board members COC recommend would seem imminently well qualified, they would have a direction to go (Etinede) and costs would be slashed.

To be frank someone has to ask what have you guys received in return for almost $600M dollars over 10 years and then ask what have the BOD received, are they aligned.

And to stave of any comment NO, I am not holding VOG as a good example nor would I infer anything un-propper has happened here however Kevin Foo from VOG has invested his own money in the company and accepted payment in shares in the early stage.
naks
Posts: 2,861
Off Topic
Opinion:No Opinion
Price:32.50
RE: COC
Wed 16:51
I think youget reverse these things and say it about the current board and you would still no be far away.IMO
NT22
Posts: 575
Off Topic
Opinion:No Opinion
Price:32.75
strange
Wed 16:49
asking 31.5
yet more buy orders and current price 32.75?
tunggie
Posts: 658
Off Topic
Opinion:No Opinion
Price:33.00
RE: COC
Wed 16:22
You wouldn't say this is slandering.

Why the Board recommends that you VOTE AGAINST all of the Resolutions:

They conflict with minimum corporate governance standards
COC has no credible strategy to maximise asset value
COC intends to strip cash, weakening the Company’s balance sheet and substantially reducing its options
They jeopardise existing plans to deliver long term value for all Shareholders
tunggie
Posts: 658
Off Topic
Opinion:No Opinion
Price:33.00
RE: COC
Wed 16:13
Empty threat and empty promises. COC do not have a plan so is open to speculations, not slandering.




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