RE: RNS.17 Oct 2022 19:00
re: trufflehound;
Whom to believe. Good question.
When someone is trying to tell you that a $1.3m loss is a huge improvement from last years $1.4m loss, you know they are full of BS.
When someone is using the RNS as a platform to issue long letters bashing the very same shareholders that have saved the company from insolvency several times the last 18 months, you know they are full of BS.
When someone is accusing others of not acting in the best interest of all shareholders, while the very same someone has both hands in the cookie jar, rewarding themselves every Q with endless amounts of stock options and huge salaries, you KNOW they are full of BS.
When someone has failed miserably, again and again, still wont let go, and lashes out at anyone suggesting their time is up, you know they are full of BS.
This someone is the current board of B90 Plc, and it's chairman Karim Peer.
Right now they are doing what they can to cling on to their seats at the table, so that they can continue to dilute all other shareholders to oblivion, while they reward themselves stock options. Meanwhile not having enough liquidity to even pay their customers (but always having cash on hand to pay themselves..)
Shameless to ask for the continued support from the community of shareholders. Throw them to the wolves. Do not delegate 1 vote to these a-holes.
The RNS today was a weird mix of innuendo and hearsay. Karim Peer speculates & concludes on a number of topics, including derogatory reference related to the very same candidates which have been put forward as candidates to replace him.
Karim Peer share a resemblance to unsavoury characters clinging to power, by attempting to undermine his opponents.
And how undemocratic and completely in breach with every Corporate Governance principle isn't this RNSs failure to provide an alternative for voting.
Karim Peer & co are providing recipients one option: support them, and delegate your vote by Proxy to them.
And if shareholders are fed up and want a change? Sorry, zero information provided in the RNS about that part (!)
Karim Peer should apply for a job at Robinhood (you know, the guys who removed the Buy-button..)
I would strongly urge everyone who own B90 shares to vote in favor of the resolutions (if they allow you to do so...)
Get rid of this POS.