Member Info for Jackbal

Breaktwister I thought this might interest you. Personally I love what the guy is doing with his platform and although not specific to Omi it specific to OMI BoD type behaviour

Article from The Times:

Retail shareholders in Bidstack are deploying a rare technique to flex their muscle in an effort to force change at the top of the in-game advertising company.

Eight investors have clubbed together to reach the 5 per cent holding in the company required to force an emergency general meeting and challenge the way it is run.

In a strategy usually reserved for big institutional investors, Nick Hargrave, the owner of one investment platform, has organised for stockbrokers, including Hargreaves Lansdown and Interactive Investor, to write letters to Bidstack on behalf of the shareholders, calling for two directors of the company to be ousted and for Hargrave, 44, to be appointed in their stead.

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The letters allege that the company does not communicate effectively with shareholders, has repeatedly diluted the share offering and has not put enough focus on cash management.

How can they be removed without voting powers?

BT and doc thanks for thoughts.

I think an emergency AGM is an EGM and only a 10% holder can request.

Would prob need many 10% worth of PI’s to unite and vote as one/action group scenario.

complicated to arrange in short time frame and with voting blocked not even sure it would have any effect…

Might be better ways for PI’s to demonstrate but don’t know enough about it

If what I’m saying is incorrect it means that there was zero point having a contract in the first place and the contract wasn’t fit for purpose.

Sorry did say I’d FO but that’s wrong Yela.

They completed phase 1 and provided earn in notice in 2022. The 2 million wasn’t received until 2023.

Obviously they did have a choice because they could have insisted on the original terms or part ways

I do agree with the Wolfy re MMA but it comes back to the 2 million or walk.

He just didn’t want to take the hard route that was preferable for us shareholders.

He wanted the easy route to guarantee his 180k per annum for another couple of years and has f all shares to worry about:

He’s taken a compelling investment case and turned it into a sh@t show for purely his own personal benefit.

Anyway I’m going to F O for a bit. I’ve seen it for what it is. Nothing we can do or say will reverse what’s done.

I just wanted evreryone to know how their own CEO has already sold them out.

Trying to cut through his BS confusing list of excuses.

No comment from me now until we can assess the damage further without anymore speculation

Wolfy the simple fact that Brad has not been able to offer a reasonable explanation (in fact no real explanation) of why OMI has lost control and how things turned so sour so quickly (or at least we were led to believe it unfolded quickly) just stinks of DISHONESTY

Don’t need to be an expert mining consultant, pro reader or hedge fund manager. It’s just plain common sense imo

Apol *Terms not met

Ok say they get back 2%

What’s it going to cost them and how does it compare to Brads guidance about if teens not met “they can bugger off”

Wolfy I’m not saying your wrong but I am saying that when we get told what the resolution is we will all he thinking why didn’t they just refuse the 2 million and stay in control. Then we will all be even more annoyed about the free hit lies.

The truth here is very ugly, that’s why he’s trying to blur lines saying the 51% is iron clad.

Well yes it is because you sold the option.

He didn’t want to be honest that he felt 2 million dollars of non-dilute (top co.) was too good to turn down because then it becomes even more apparent his self serving agenda is doing us harm.

How does selling MMA the controlling vote for 2 million force their hand?

If anything it does the opposite.

I’m sorry guys I get very fixated on BS from CEO’s but it’s because it genuinely irritates me.

If you must be a bullsxxxxxr be a convincing one and how about selling the Omi to market instead of constantly selling excuses to your shareholders. They can’t vote anyway so why bother!

My question to all is what do you think a resolution looks like?

I agree with Yela that they will just end up going forward with Agnico on a much longer, more dilutive time frame. And I actually think that’s best case scenario.

You have to be realistic. Majors didn’t just stump up the last 2 million out of goodwill and Brad has stated he would like to resume operatorship “if viable”

That’s the language of someone who is asking not telling

Because the sale of the option gives them control with 51%

Means they can just stick Anza in their portfolio until it they get round to it.

There isn’t even a timeline for them to make a decision. Phase 2 hasn’t even started yet and if/ when it does they have a 3.65 mill carry over for year.

If phase 2 began today they would only have to spend 335k before July 24 and that’s it it started today!

Brad has publicly stated Anza is not a priority for them and political issues.

Dr R i mean this most sincerely, be very careful about what Brad is telling you in off the record chats. He’s a proven liar.

We will find out within a month or two and you may be right that Brad is trying to force a decision. It’s just to my mind that seems a very very silly way of going about it, giving them the option of control..

For anyone looking forward to Brad’s next Colombia update be very careful what you wish for.

An update is of course a certainty but the probability of seeing Anza drilled again within 12 months is extremely low

The damage was done in full when he sold the option.

He’s just trying to offer hope to take some heat off himself

I don’t think he’s going to cave, I seriously believed he already caved in for the 2 million when reality showed him the “free hits” are actually quite expensive.

The fact he can’t RNS something doest usually stop him resorting to webinar BS tho

“I am now invested here as I see true value for money.”

Your quote from start June

Hall I take it you sold the shares that you owned around start of June?

You didn’t mention that amongst your positive posts

Are you in yet Hall?

Red Flag whatever you are paid from shareholder funds it’s way too much