Anyone still interested in joining the investor group can register their interest at RMPInvestors@btinternet.com. We have received interest from shareholders to date with just under 19M shares. Hopefully we will be able to open up some meaningful dialogue with GB soon and start to address the genuine concerns of all shareholders. Back in 2011 there was a real buzz associated with RMP and much to look forward to. A lot has happened along the way as we all know, the assets are still there, the directors now need to show shareholders why they are the right people to lead this company going forward.
I'd hold fire till August end, they said Georgia would be complete/news in June quarter which ends in August. They could be literally days away but not able to hint as such as market sensitive information. Come Sept as least we could question why pledge has not been kept. At least we have been looking for further prospects...but cash drain does concern me...I note all the places Bandys checked out have very nice golf courses near by! Lol
Members' power to require directors to call general meetings (sec303 - sec304) The directors must call a general meeting if so requested by the holders of 10% of the voting shares (or 10% of the voting rights if no shares). If at least 12 months have elapsed since the last general meeting called under this section, the request may be made by 5%. The request for the meeting must state the general nature of the business to be dealt with and may include the text of a resolution to be moved at the meeting (provided the resolution would not be ineffective (e.g. under the Act or because contrary to the company's articles, etc., and provided it is not defamatory, frivolous or vexatious). If the request is properly made, the directors must within 21 days call the meeting for a date not more than 28 days after the date of the notice calling the meeting. If the request included a proposed resolution, that must be included in the notice, which will then be part of the business that can be conducted at the meeting. (If it is a special resolution, the notice of the meeting must say so, in accordance with sec283, above.)
Members may call meeting at company's expense (sec305) If the directors do not call a meeting as properly requested under the above sections, the members who requested it (or half of them, by voting rights) may call the meeting themselves, for a date not more than three months after the date when the directors were required to call it (i.e. 21 days after the request was made - see above). The meeting must be called in the same manner, as nearly as possible, as meetings called by the directors. The members calling the meeting can claim any reasonable expenses they have incurred, which the company must deduct from any remuneration that would have been paid to the directors. (Under the old law, the company had a power to do this, but was not required to do so.)
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