CRO 2.33% 8.8¢ cirralto limited

results of meeting , page-17

  1. 755 Posts.

    RF,

    The problem shareholders have in understanding the current state of our company is why has it gotten into this state of affairs.

    On 29/11/2011 it was announced that the company was looking for other projects, not necessarly in the Media space.

    Since that time we have had continuous dilution to the existing shareholders, with no project into the company.

    During 2012 we had 9 3B's issued for Capital Raisings and payment of fees.

    So far for 2013 we have 2 3B's issued. The latest being 18/1/2013 which as yet is not available to view.

    There will be further dilution no matter what project goes into MOT, and if a project had been put in 12 months ago we would not have had 12 months of dilution to keep the company above water.

    The Cyprus project announcement did not enchance our SP nor did shareholders approve it. The SRK report when produced just before the meeting, did not engender confidence it it, thus the shareholder veto of it.

    The litigation has not been on the agenda for 12 months. Thus the problem understanding the track our company has wandered down the last 12 months.

    We are all in this together(large,medium, or small shareholder), something needs to come to fruition in the very near future or we will all lose our investment.

    IMO DYOR
 
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