Firstly, let me go back to my original post where I outlined some of the steps involved to remove a board member/s: post #
32920744
One of the keys is having a "suitable" replacement that has a skill set to help move GPP forward and try to generate share holder wealth, to this end and although I am flattered that some would consider me a worthy replacement onto the board, I have no experience in running a company, I have no skills that could/would be a benefit to either GPP in the corporate aspect, or as an exploration/mining company or to the share holders other than the old catch phrase "of keeping the bastards honest" so to speak.
I mean, In 6 months time even I would be asking, what the hell does that fooca do to earn his salary with having brought no expertise or skills to the table....... but here is the dilemma, to have any success then the person to be replaced on the board would be King (solely because of the amount of shares he has) and a resolution to remove him will mean he cannot vote for that resolution whereas he will be able to vote to retain any of the other board members. Bear in mind, for a resolution to be successful 50% + 1 vote is required (waiting for confirmation if it 50% + 1 vote of votes cast or of the total registry)
Like I have mentioned, you need to have a suitable replacement and like
@anatol I don't want a board position but I am more than willing to assist anyway to help get a change so everyone can benefit in wealth creation.
@Pinkie38 drop me a line
[email protected]
Then there is the selling of the change to all the shareholders, means a lot of time doing mail outs, etc. and not much time to do it. I (from memory) think the company has to announce a meeting 4 weeks from being issued with the s249D and then the meeting has to be within 6 weeks of that (but, again from memory, there is also a minimum time frame as well)
Also in that post I indicated that I didn't particularly think that it would be the best course of action to take at this present time but in saying that, some of the larger shareholders posting on this thread may support it whereas I originally thought it would be just a futile effort and would basically achieve only a wake up call.
I would also be of the opinion that to garner any idea of interest for support of a change will be the AGM and the counting of votes, but with a ground swell of support against voting in options other than those that were attached to the participants of the SPP (the loyal holders so to speak) it appears that the sentiment change towards management has turned abruptly from a mere few weeks back.
cheers
