RE: WHAT TO DO16 Feb 2022 14:54
Vote No,
The company will have to come to the table and work with shareholders rather then side lining us as they have done so far. Alva and covid was the drag on the company, the company BoD incompetency showed its ugly face and we got to see then for what they really are.
By voting yes, the only outcome is that you will get diluted and irrespective if the share price stays at 5p your voting power will become negligible
The BOD are playing you, me and every shareholder for a mug
They are positioning themselves with heavily heavily discounted shares
Jag currently has 236K shares, he should only be allowed to subscribed to (236K/9)*2 = 52K shares @5p = £2,600 roughly). so basically 52K shares at a value of Roughly £2,600, but NOOOOOO, he is actually allowed to subscribe to 400,000 shares.
reason is simple, they are abusing their position of power for self interest, rewarding themselves for failure