I would've thought they would have nothing to do until the result of EGM is known. This should be a simple task for the Company Secretary to organise the EGM- there should be absolutely no inteference from the named parties, and Lees and Reynolds should see to that.
Let's see whether these 3 roaches BOD will do same and leave before the EGM; if they have the sense of saving the company some money to call another EGM. Same time must be awlful for them to send out the EGM resolutions to call for their own ousting. I really wonder how a human's conscience can do that? The only thing I can think of is that they're so trained to be immuned and disregard anything with their very thick skin. Filling their own pockets is the only motivation for them to keep going.
G thanks for the reply, Barlo your wrong about P. Sztyk , he didn't jump before being pushed he saw the votes come in and realised wasn't going to be re-elected and withdrew at the last minute to salvage his cv , rumours abound that he is still there kept by Einchcomb et al.
You don't do shareholders justice. Since BK left both Fred Hodder and Peter Sztyk jumped before they were pushed. BK is indeed in California but his is a civil not a criminal offence so no hauling back to Jersey to face justice. Not for failing to pay back the rump of his loan anyway.
to jump ship before he was pushed is, I believe, somewhere in California and still on-the-run with 'Millie' in-tow, and our money in his possession. However and to that end, I am assured that steps are being taken to track 'Billy-bob Kelleher' down and haul him back to face justice in order that we, the legitimate and rightful owners of said funds can be appropriately recompensed for his misdemeanors.
Strictly speaking, you and they have it wrong. They have to hold the meeting within two months of receiving the requisition on 22 June. However, the Law and the Articles of Association state that they have to convene the meeting immediately and hold it as soon as practicable. That should be three or perhaps four weeks from today.. They are already in default of the Law and the Articles by not convening the meeting immediately. The 21 days isn't for them it's for the requisitioners. If the Board remain in default beyond 21 days then the requisitioners can convene a meeting at the expense of the Company, costs to be held back from the directors' unpaid fees. Who cares about the Law and the Articles? Not Georges Sztyk evidently. His contempt for shareholders is very apparent from his claiming the 21 days as his to use. As for the fees, you can be sure they will be charged to the Company even if they advice is plainly wrong.
Am I correct in assuming that they have until 13th July to organise EGM (21 days from 22nd June) and then at least another 21 days notice for the actual EGM, whats the process can some one enlighten. Also presumably they paid out of their own pockets for whatever legal advice they took, from the companies point of there was no need to take advice. The requirement of 10% shares registered on the register is well known and also I seem to remember they took similar advice last year as well, not acting prudently in the interests of the company and its shareholders again.
An EGM then how long ? I expect these guys to take the maximum time they can ? Whilst there's honey in the pot. Question if they resign do they get diddly squat ? If they hang on till the vote ( Do they get a bumper golden Handshake for their dedicated service of creating shareholder value ) ?
Great news, shame these t+ssers didn't do the decent thing and walk when the last idiot walked. Well done to the action group, not quite but nearly over the final . These turds should be in the dock for there criminal activities, obviously this is in my opinion only!!!
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