1) “..it has received a notice from each of the directors of the Company, other than Mr Luis Rogelio Martinez Valles, of their intention to move a resolution to remove Mr Luis Rogelio Martinez Valles as a director..”
so obviously not welcome by him. so even as you say - (he).."is no longer required to be an executive director" he appears not to want to go quietly. Therefore:
a) either a ploy by CZL to put pressure on them for whatever reason BUT why do that before the 90% share is squared away because if they think you are going to dispose of their voice on the board then they may bite back?; and
b) he wants to stay on to ensure that the Mexican vendors are not seriously disadvantaged upon reduction to their 10% share - trust issues??;
either way as poster above said their will be trust issues now if not already there.
also in addition to what @ceh2009 posted about the extra $750,000 there were also shares to be issued:
so vendors free carried - and does that mean no further contributions required towards any expenditures?. if os then CR will need to be large to cover that.
$2.5m shares at $0.014 = 178,571,429 million shares - dilution??? + CR dilution back to where company was before the huge consolidation - so rinse & repeat???
CZL Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
so vendors free carried - and does that mean no further contributions required towards any expenditures?. if os then CR will need to be large to cover that.
