WEC 0.00% 4.8¢ white energy company limited

lets call for an egm: change of directors, page-11

  1. 4 Posts.
    I no longer hold any WEC shares having sold some time ago.

    These clowns are supposed to be operating in the interests of WEC shareholders, indeed they have a fiduciary duty - Flannery admitted in evidence that they negotiated the Cascade deal among themselves ie they started with an guesstimate that Delloittes gave them which assumed the collapse of the $AU over time and then applied a rubbery discount rate to cover undefined uncertainties and came up with a figure of $600m.

    None of these experienced WEC Directors considered the position of WEC shareholders who were not party to 'the deal' - I'm sure there are a number of former company Directors whove been banned for less. I can't help thinking that we are seeing the tuip of the iceberg here. Fortunately the felix sale went through before all these shenanigans started.
 
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