RE: Removal of Mr Bird4 Jan 2019 11:09
Repeat post from earlier, as its been buried to page 4 already......
"Hey folks, a few thoughts...
Mr Bird said in his last podcast that he "wants to get the word out there"....but has since said absolutely nothing to promote the company. Yes he has released an RNS, but that wasn't promoting exactly, it was a change of agreement, and therefore he was obliged.
Mr Bird is also paid a part time salary for his services, which divided between all his other directorships, means he effectively has no time for XTR...or at least the time that we'd like him to spend on the company. Seriously though, for his salary he earns, how many hours a week can he honestly be putting towards us?
The share price has plummetted for as long as I have held, and its getting to the point I want him gone! I emailed the company my thoughts last night, but as per usual CB protocol, I'm not expecting a reply.
Quite frankly, the office cleaner as CEO, is a replacement I'd be happy with at this moment. So please, leave the "who's gonna fill the role" out of this because I couldn't care less.....I've seen minimum wage staff on far less salary with exceptionally better performance than CB has demonstrated!
The Companies Act 2006 makes clear that shareholders, making up a total of 5% of the share capital, is all that is required to initiate a general meeting with removal of particular directors as the resolution. Where over 50% agree to the resolution CB will be legally removed.
5% share capital is equal to 17,528,050m shares.
If you are happy for CB to be removed, please can you state your position, and how many shares(voting power) you hold. As soon as we hit 5%, I'll be firing the letter off to CB to initiate this.
I don't care who doesn't agree, save that opinion for the resolution. Neither do I care anymore what's around the corner...we have been in that state for years!
Thanks all ;)"