Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Hi BB2
I have my letter so I can go if I can find the time. The problem is going to be finding the time becuase apart from being busy at the moment its close to a 500 mile round trip for me and close to a 5 hour drive each way. Its a possibility but unlikely I'm afraid.
TDT
sasa43
Never has a truer word been spoken (or in this instance written).
TDT
To get an idea of the true value of KM, we need see the TEO.
We are obviously never going to see the TEO. Why is anyone’s guess. Murky didn’t come close to a true description of Robin Young’s business modus operandi with AMC . The deal is designed to give him and BODs a future salary by using what little money they make in this sale to buy another asset - any asset (absolutely doesn’t need to be anything with any potential) - for which we can have the pleasure of enumerating them handsomely for doing sweet FA. The guy is a crook and a sheister. Hopefully this deal won’t come off and he’ll be left penniless from it as well as the rest of us. After such a fiasco he’ll never be appointed to anything kosher again. If you ever see his name on the list of Directors then you’ll know it’s a life style company and should be avoided. Please advise as many people as to what is going on/gone on here as possible if you see him involved in anything in the future.
Bad luck anyone invested here. We’ll end up with nothing.
Because the shareholders are getting almost nothing out of this deal, if we sold tomorrow, the majority of us would be down between 70% and 50%. Some a lot more. Why would someone vote yes for something like this? And why would any of us want RY to lead our company again?
It's astonishing that he thinks people will vote yes, and it'll be even more incredible if he wins.
Hi Red
"The deal price and the distribution of those funds need to be in two different resolutions IMO, the long stop for the deal is 60 days from 6 May so he has time to come back with new resolutions."
Agreed. One payment of $105m to be distributed amongst shareholders and the company to be de-listed and confined to the AIM grave yard (if there's room).
TDT
We won’t see the TEO because it shows what this is actually worth.
The buyer will have seen it though.
Why is aim and the nomad allowing RY to give this away ?
The share should be suspended and RY investigated.
As a minimum he shouldn’t be allowed to sit on the board of any company after this.
Succinctly put, TDT re: yesterdays post, especially the last para - sasa.