I'm a vic shareholder so I wouldn't normally post here. But I have been watching this thread for obvious reasons.
The reason I am. What am I missing here?
I can't see any point to all of this. If I understand correctly, you guys have pooled all your voting power to act as a proxy (if that's the right word) with the idea of getting over 5% to call for a board spill. But the annual meeting was only a few months ago and everything was passed with roughly 90% in favor of all resolutions. So given that you guys have amassed around 10%, I'm sorting thinking that everyone on the list voted against. What's changed in the last few months? It just seems like they will be re elected with the other 90% voting power and waste already dwindling funds.
I mean maybe a large shareholder might vote in favor, but that's a very large maybe as they didn't last time. Also who would want the job?
I think both our boards are crap but quite frankly when their nice little pocket liner has been threatened they have pulled out all stops and seem to be performing miracles.
I can't see any advantage that's why I ask what I'm missing.
Lastly, completely my opinion, As I have seen many dodgy types. If and when the ball starts rolling again they are going to do a good job ( or at least do their job) for a few months as they would be uncomfortable with the recent attention. I mean they have talent, look at how well they been doing dodgy type stuff. Just now I expect that they will refrain for a couple of months.
HDY Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
