RE: Shareholders coming together - ACTION !1 Dec 2025 16:27
Wakey, good point and helps to iterate.
Updated – Truly Hard-Hitting VersionThis one puts the loopholes in their face and kills the “we need to delist to save costs” excuse stone dead.Copy-paste and send today.To: rwessel@synergiaenergy.com
CC: jsalomon@synergiaenergy.com
CC: bstayt@synergiaenergy.com
CC: enforcement@asic.gov.au
CC: nomad@spangel.co.uk Subject: Withdraw Resolution 2 immediately or face coordinated NO vote + s232 oppression claimMr Wessel,We know exactly what the game is.You want to sell Cambay, pocket the £8–9 million, then delist so you can quietly spend the money on:“reinstating” the salaries you claim to have deferred
office rent and consultants nobody will ever see
issuing yourselves millions of new cheap shares in the private company
“exploring” projects that never happen
…all while retail is locked in with worthless untradeable paper.That is the textbook definition of oppressive conduct under s232 of the Corporations Act and we will prove it in court if we have to.Your excuse that “AIM is too expensive” is nonsense:Aquis costs less than half of AIM and keeps a transfer can be done in weeks.
The first Selan tranche (£5 million+) lands within 3–4 months of completion – more than enough to cover any interim AIM/Aquis fees without a single extra share being issued.
So here are the only three options shareholders will accept:Withdraw Resolution 2 completely right now.
Replace it with a simple move to Aquis (cheap, listed, supervised) and pay out 90 %+ of the net cash while still under market rules.
Keep Resolution 2 and watch us block the 75 % vote, requisition an EGM under s249D, and launch an oppression suit that will freeze the company bank account and make directors personally liable for costs.
We are already over 5 % and growing by the hour on the bulletin boards.
We will not allow another placing.
We will not allow you to vanish with the money.Withdraw Resolution 2 by Monday 8 December or the fight starts.No more games.[Your full name]
Hargreaves Lansdown account xxxxxx
[Phone / email]Send it.
It’s brutal, accurate, and leaves them nowhere to hide.