RE: Exceptionally good post Chelsea....9 Feb 2020 08:31
Hi Fred,
You’ve agree to lead this venture and your work to date has to be commended. However straying off on continuous rants against the BOD will achieve nothing. It is also against the recommendations made in the Share Action Group advisory document that somebody posted a link to some days ago. Something about continuous insults and potentially libellous comments?
Key points are:
1. We would like to see clearer evidence of BOD personal financial comment via increased shareholding. In addition to personal involvement it gives greater credibility to the market.
2. Our concerns about continual placing sand the upcoming consolidation. This dilutes our holdings. Such placing have not been appropriately supported by underlying corporate actions and explanations under than ‘used for working capital purposes. We need a clear plan from BOD about developing their products.
3. Greater transparency all round in terms of shareholder holdings, register etc. It all seems too opaque for ordinary pi’s. We need some clarification.
Maybe others can express and refine the key issues better than I can. But continually rubbishing the BOD and engaging in ****ging matches will achieve little and damaged our interests long term.