Posted in: commodities-and-mining
RE: CMR12 Dec 2011 19:58
Hello evJon,
Can assure you the AGM did take place at the specified venue and at the specified time documented on the Letter to the Shareholders dated 11th November 2011.
Below is copied from iii
channel pirate - 5 Dec'11 - 17:01 - 16758 of 16758
I did manage to get to the Cambridge AGM today, you know, the one that the Iberian Directors cancelled !! The Board comprised of Mr Newman (CMR Director), Mr Slater, Mr Robins, (both Iberian and CMR Directors), and Mr Burton, CMR Director only.
Also present was Allianz and the two biggest private investors that CMR have, besides CMR Broker, Registrar, and other concerned shareholders.
The meeting was conducted in a civilised manner, and there was no shouting, spitting, kicking or fighting.
On a serious note, then Mr Philip Newman convened the Meeting at 09-31. It was then stated by Mr Newman immediately, that as a result of certain critical developments affecting the Company and it’s business, the directors had decided to recommend and propose that this AGM should be immediately adjourned until a date to be advised but no later than 31st January 2012.
The Iberian Directors then spoke about how good they have been doing with “this and that” and if it were not for them CMR would already be history. CMR shareholders then countered by reminding those Directors how inefficient and unsuccessful they had been and that we (CMR) have still not received our Iberian shares which was a part of the sale conditions of Lomero-Poyatos to Iberian. A vote was then taken regarding the adjournment, and it was “no contest” the meeting would NOT be adjourned.
With that, Mr Newman stated he would resign immediately there and then, followed by Mr Slater and Mr Robins saying the same. Mr Newman and Mr Robins left the meting immediately.
Mr Burton took the “chair” and continued with the meeting. ALL Resolutions, other than the Resigned Directors Resolutions were duly voted on, and a UNANEMOUS vote to each remaining Resolution was passed.
Without me going on in detail about other matters, then it was agreed a meeting of major shareholders would be convened in the very near future to discuss the strengthening of the B.O.D. and discuss the next action for your Company.
WATCH THIS SPACE AS THEY SAY.
Sign In
Follow the stocks
