RE: Greediest of management teams24 May 2023 02:43
EdwardSeaton,
From past experience with other companies, you have to attend in person.
There won't be many people there & it might feel like a waste of time, but it isn't.
Take a fellow shareholder with you, or someone from a BB with a similar view to your own. Stand up and ask as many questions as you like. If they try to close it down don't let them.
Insist on them answering shareholder questions before you vote on any of the resolutions. Also before the meeting try to get other's to make you there proxy at the meeting instead of the chairman.
If need be request a formal count on one of the resolutions, they will try to pass it by a show of hands, but if 2 of you refuse to accept it, they will need to pause and have an actual vote count ( in the old days these could hold up the meeting for several hours - not nowadays).
The object of all this is for them to realise that you are going to be a thorn in their side going forward unless they engage with you & listen to your grievances.
Yes LAS might be a point of attack, but you don't know how much of LAS, AH own's ! or Bisi owns either.
Personally I'd be going after the massive salary increases & bonuses that went to those employee's. Who they are and what is there connection to the company director's. (there are other follow-up questions to ask but I won't post them publicly as that would let them know what's coming & that's the last thing you want).
Where the money was invested, why it wasn't broken down in detail or the true investment strategy revealed. As well as making them very aware that the property portfolio, has done very little (capital wise) other than conveniently bring in enough income to pay AH's annual salary!
LOTM
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