proxy fight has started, page-7

I Have received the letter from Matthew Bartley.

i am not impressed that the 2 coastal directors do not attend meetings but are getting paid! talk about stabbing yourself in the foot!

Apart from that i think Butler is doing a great job and the task is fairly simple - keep paying the interest and pay down debt.

Hence LESS directors would be saving us money - its pretty simple, just minimize costs.

i think that as long as they maintain reasonable cash flow it should be possible to refinance and do a capital raising to put the show on a sustainable footing. Not rocket science and the hard yards have been done already. Lets hope for smooth sailing..........