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Has anyone bothered to total the sells since January 3rd?
Let's pretend we are pre consolidation and work in millions, then take into account 17M is 1% of the company.
Hopefully the resolutions will fail and Lyth's position would then be untenable and he would have to resign.
Failing to get two directors removed would send a clear message to his partners and hopefully they will follow suit, and leave the remaining bod to appoint a CEO who is capable of returning shareholder value.
This does have the look of an orchestrated move to hand control to certain individuals, which if transpires would be unlawful and should be fully investigated, so a dangerous game is being played and shareholders are the one's who are suffering
Also, I have a very strong feeling that they have no intention of seeking a Nomad and that they are steering us headlong towards de-listing. Sadly I've been there before on more than one occasion! I have no idea what they would have to gain by doing that, but it certainly seems to me that that is the route that we are going. And when they come with a daft excuse for not being able to get a Nomad, it all seems very fishy to me.
yes no reason but to take control and lead us down this path of decimation!. what was the point of the consolidation other than to screw the SP further and so it doesn't look quite so bad. Lets not forget what the SP would be without this completely ridiculous call from the board!!!!!!. 0.06p ffs and they want us to vote them in.
Pilitick, you're quite right, there has been no explanation as to why they want to remove Zhang and Ma. There were unfounded rumours put about by the Board that they could not get a new Nomad with Chinese directors on the Board. This does not stand up to scrutiny. What I have heard, however, is that no Nomad will touch ANR having done their due diligence on Zorbas and Hogan - the puppet masters in this scandal. Please see my post last Thursday 14.42. It sets out Zhang's admirable strategy to get us on our feet again.
Why is the reason that they want to get rid of the Chinese directors? I haven't sen any explanation from the BoD for this, perhaps I've missed it. But I don't understand how they expect shareholders to be in a position to vote on this issue if we haven't been given the reasons for it.
They are hopefully very worried about the vote going against them to remove the two Chinese directors. So much so that they have once again tried to provide a smoke screen by way of the AGM vote. Vote to keep the two Chinese directors on board if you would like to at least prevent total control by this bunch of cowboys and have a chance of a decent direction for Altona IMHO.
The company has now called for its AGM - this is on the 25th Jan. do not confuse this vote with the KEY VOTE on the 14th Jan. tomorrow is the deadline. Once the GM of the 14th has taken place then you can vote for the AGM resolutions. If you are voting via your nominee then you need to be clear thar they cast your votes for the 14th GM as I k ow there is some confusion.
make sure you vote correctly on both dates. just seems set up to try and roger us again otherwise why do this?.
why are there two votes one on the 14th and one on the 25th with different wording on resolutions?.
14th carries 2 resolutions and 25th 6 resolutions with two of those being the 14th resolutions. Why twice?.
Shareholders,
remember to instruct your broker to cast your vote tomorrow as the deadline is Friday 10th Jan to receive votes. For the benefit of all of us, keeping Zhang and Ma on the board, with their 2019 business plan is the only choice.
I know a few good agencies if he needs a hand!
There is circumstantial evidence to suggest that Nick Lyth is touting his CV around the City looking for work as his current CEO role will soon become part-time. Is this someone who is committed to developing the business? What is his plan?
As I said yesterday - an ANR today! I'm getting familiar with their ways - it worries me!
Whilst I love your optimism I fail to see how NL can turn this around now given the cronies he has on board and the fact he's failed for every minute of every day he's been here. Let's face it the whole pyrolysis shift is to feed their lifestyles at our cost. Pyrolysis is old technology and there are better technologies already out there and already working, this lot have nothing as far as I can see. IMHO our best direction is with the coal, that has a market still and doesn't involve smoke and mirror deals with certain parties.
On top of his existing holding?
£9300 bought over 3 years ago! Lol
Wouldn't it be nice to have a 3rd resolution!
Agree, jt goes to show that he doesn't even read his own rns before release.
Totally incompetence from a CEO to get his own shareholding amount wrong.
Disregard for shareholders think his mind is on other matters, his own!
Took their time. Idiots.
That clears up the discrepency with Nicks holding. He took 4m shares at 500p pre consolidation on top of his existing holding. He has sold nothing. His stock is underwater and its in his interest to get the shareprice higher and company back on track.
agree, punt money only though for me
Double bottom 65/70p zone. It could fail but it could also multibag. Sub £1m mcap. I think it makes a good trade from here. Nothing more nothing less
These sound far more realistic than letting Zorbas & Hogan continue to assist Nick run this for their own benefit.
Both are currently unable to build a profitable and sustainable business, just push out ramp after ramp that never comes through, what they are trying to do here is really pushing the limits, as its taking ANR buying into Leindos that is also Zorbas owned, this looks to me like a really easy way of giving them ability to syphon off funds for their own personal gain as there is zero transparency, plus I am pretty sure this is a conflict of interest so should a new Nomad be found something that would get raised with them ?
Look at the performance of the other companies they have been involved with that are listed NONE of them have shown continued increase in value, just a spike that they have benefitted from, they appear to structure things in such a way they can be extremely agile, they have companies set up & registered in different countries for different companies often with it being illogical to the business but allows them to operate in a faceless manner and avoid any PI interaction
Worth a repost I think from investorworld
Loads of red flags you best sell up. I will gladly be buying the shares you guys are selling ;)
That was in October, the SP was 0.24p just prior to consolidation.
Now take into consideration he is on the inside.
Just another nr 30% drop in the SP then and NL and co want us to vote for them on that performance!