The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Filter away Matthew
You clearly do not understand the Canadian regulations. For anyone else, the AGM is May 15th and Arthur control the company by receiving a meter 3.3m votes.
Let’s do our duty as shareholders and save our company from this terrible BoD and management team!
The date it rapidly coming, May 15th!
For some context, last year the CEO received 3.3m vote (out of nearly 200 million), with 88% of the votes cast supporting him. The rest of the BoD got about 3.5m votes.
It would only take 3.6m votes to remove the entire BoD.
Contact your broker today to ensure you can vote your shares on May 15th. It’s time we take action to save the company we own since the senior management team does not seem willing.
Finn Witt and HH
Last I checked (admittedly been a while it was roughly 1,800 BOOD.
You have to remember that operating costs don’t count injection in the accounting numbers because the company classes it as Capex. But in a day to day basis, it has the effect of expenses on cash flow.
A very interesting fact was just brought up in the Telegram group. The AGM will be coming up in a few months (has not been announced yet), but last year the BoD only received less these 4M votes of support. It would take less than 4m shares voting to change the BoD, who can then change the management. I encourage everyone to contact their brokers to see how they can vote at the upcoming AGM.
The comments about AM doing what he wants and not what is best for PIs is patently ridiculous. He runs a public company and is legally required to maximize shareholder value.
If he does anything that would prioritize his desire to keep control of the field over creating shareholder value he can be held personally liable.
So yes, ilthe JV won’t allow him to remain operator. End of.