RE: Coiled spring3 Mar 2023 18:26
The obsesion by poor management in listed companies, to opt for trashing shareholder value, by taking the simple route of Placing after placing, is always a concern. The hard graft of working within current resources and not seeing free (placing) cash as easy funds. Is frustrating. It also shows these characters should not be allowed near any board position on a listed entity. That was the past management here. £30 million burnt, is a lot, its more like £42 if you add in sponsors cash etc. If Miss Skee cannot see why shareholders are nervous, then she should also resign. My investment here is down well over 60%, thats a huge hit, to make this substantially larger by diluting me?? I have an issue with that, I voted against giving them the ability to issue further stock. looks like not enough others did. BUTit will be interesting to know, the exact votes per resolution. Because when trust has gone, categorical evidence, that a majority was gained is essential. Never mind a show of hands.Show of hands for what? Thats what proxy voting is for.