BoD22 Jul 2024 17:04
In my one other AIM investment, run by a grossly overpaid, underperforming BoD, I have recently witnessed the success of investors enquiring with their broker as to how they can vote at an AGM. This resulted in the removal of an individual that investors widely felt was nothing more than a drain on the business.
I am not fooled by Mr Parsons stepping down from the Board or of Mr Dennan informing investors that AST is a compelling investment.
We are led to believe that metals are a key business strategy, when in fact after 2 years, absolutely nothing has materialised.
In my opinion, the AST part time Board is doing nothing but hoping that a court case rules in its favour. Any minimal income is being spent on nothing more than paying salaries to Accountants. It is a reflection of AIM in general and disgraceful how investors are continually misled.
As soon as any of the current regime seem re-election, then I will be using my vote accordingly.
I would never go near any business in future where Parsons or Denman have the slightest influence!!