Voting closes wednesday week at 10am and I can advise that the PDF shareholder alliance has already defeated resolution 1, which creates a 2nd strike against the board and its remuneration.
Also resolution 4 which is an attempt to obtain a benefit for certain directors and their related parties, has also been defeated. Fancy attempting a 2nd time directly after the ASX has found against the board. Does this board have any ethical standing at all?
There is still plenty of votes to be lodged by the alliance which is voting AGAINST resolutions 1, 2, 3, & 4.
More resolutions will likely be defeated.
The alliance is voting FOR resolution 5 so a spill meeting can be held and other directors can offer their services and their vision for all shareholders to consider and then vote for what they believe is the best path forward for their investment. That is what a spill meeting is for. You can then Vote for a change or more of the same.
If you have already voted online you can change your vote or update it, simply by going through the same voting process online. Enter your voting access code and vote again. The last time you vote is what is counted. You can change your vote upto 10am Wednesday the 28th November.
This board has issued shares to itself and related parties since 2012, probably to ensure it controlled the outcome to suit itself. Guess what, thats not happening any more.
IMO DYOR
PDF Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
