We now have the means to convey to the Board of MOS, how inequitable the Placement was to outside parties and sophisticated investors, and that we do not want to see the unrecognised wealth of MOS transferred to the new s/h, at the expense of long-suffering existing s/h.
I earlier detailed how the Placement transferred $24m of our s/h wealth to new s/h.
Also, we can tell them that if the directors want to participate in the SPP, then they should already have been s/h in MOS! The special placement to Directors is just a means for them to participate buying shares at 11.5c, because they did not have the conviction to buy shares in their company, earlier.
I would hope that all s/h show their dismay, by voting "NO" to: Item 6, 7, 8, 9, 10.
Let's do this.
Cheers Jake
MOS Price at posting:
12.5¢ Sentiment: None Disclosure: Held