L/T shareholders have no voting rights at all. New shareholders who have control of the vote (did not pay for their shares), can do what ever they please at the expense of genuine shareholders.
The two directors up for re-election should be ashamed of themselves. What have they done for the company other than issue more and more free shares for projects that produce NO revenue what so ever and supply capital raising funds to be lent at ZERO interest
Then to top it off they want to be able to issue an extra 10% of shares (Taking it to 25%) without having to get shareholder approval. Just shows what this crew think of their shareholders.
The sooner the people responsible for these projects are ousted and the MOT shell has independent directors to investigate and manage revenue producing projects the better.
IMO DYOR
MOT Price at posting:
0.1¢ Sentiment: None Disclosure: Held