The small shareholders need a voice on the board19 Feb 2022 14:42
Bear with me guys, her indoors has covid so we've been imprisoned in the house & i cant play outside because its raining, so here goes.
Below is a list of the major shareholders in this company
Institution name Holding Percent
Durban Holdings Limited 78,000,000 15.50%
Aja Ventures, Inc. 30,000,000 5.90%
DB Ventures Limited 25,000,000 5.00%
Lombard Odier Asset Management 25,000,000 5.00%
Paniolo Ventures, Inc. 21,210,000 4.20%
In total the above entities hold 35.6% of the total shares, Sir Beckham has his cronies on the board because of his shareholding, presumably the others do as-well .
Therefore 64.4% of the entire shares are owned by small shareholders like you and me, who represents their interests in the company ? Who listens to their views ? They get fobbed off with a automated 'sod off' email
The small holders here need to group together, elect a candidate and demand a seat on the board at the very least to monitor where their cash is being spent, after all, collectively they are the largest shareholder by far
Just a thought.