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$4.93 tribune resources limited

Ann: TOV: TBR Declaration of Unacceptable Circumstances, page-9

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maersk

125 Posts.

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17/09/18

16:34

Post #: 35651501
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Originally posted by seboya ↑

It seriously doesn't bother you that a director of a company you have an (what I assume is substantial) investment in apparently has over 60% voting power (i.e. more than 50.0%)? And could vote for or against any general resolution he wants? And could effectively control the composition of the board at his whim?

And I'm not talking about the "oh I don't mind if Mr Billis does cause he's built this company up from his bootstraps" response; I mean just conceptually, as a general question, it doesn't bother you that a founding director could have an undeclared 60% voting interest?

This I would never disagree with you on though mate; ASIC are toothless tigers who do nothing to protect the average punter.

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......not to mention protecting us from persons able to influence a vote to do something that secretly benefits those persons.

TBR Price at posting: $6.70 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $4.93		Change 0.000(0.00%)		Mkt cap ! $230.8M

Open	High	Low	Value	Volume
$5.00	$5.00	$4.93	$8.398K	1.69K

Buyers (Bids)

No.	Vol.	Price($)
2	462	$4.93

Sellers (Offers)

Price($)	Vol.	No.
$5.00	4864	4

View Market Depth

No.	Vol.	Price($)
1	1100	4.850
1	2079	4.800
2	2250	4.600
1	538	4.500
1	550	4.310

Price($)	Vol.	No.
4.960	1	1
4.970	2	1
5.120	1000	1
5.200	200	1
5.500	100	1

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