Let's SAVE this company, page-86

Dixie,

The announcement of todays date is an attempt by the caretaker board to suppress shareholders to vote on the resolution of a second 249D notice this board has received in just a few months.

To suggest that a legitimately proposed resolution that removes the caretaker board and replaces them with a board of three others is the same as the resolutions of the spill meeting is wrong and poor advice if given to the board.

The spill meeting has 9 resolutions of individuals standing for the board. Duckett, Taylor and Egan were spilled from the board at the last AGM and only maintain a caretaker role. They have chosen to stand for re election as individuals along with 6 other individuals. Any number of board members or combinations could be elected and possibly new and past board members.

To state that the 249D resolution is the same as the spill meeting is not only disrespectful to the other 3 candidates standing for election but also ALL the shareholders who have already voted for the spill meeting prior to the announcement. The proxy notices for the spill meeting were sent out on 21 December 2018 and voting commenced from that date.

No doubt the caretaker board has been watching votes come in closely and have likely concluded they have no chance of retaining the board under a 249D resolution and the result is what we see today. Disrespect for shareholders of the company. This disrespect is the likely reason for a 249D notice to be issued in the first place among other things like poor corporate governance and failure to comply with the ASX listing rules. Still no quarterly report issued.

What todays announcement did do was state the 249D notice is valid (those shareholders hold at least 9%) and that a meeting will be held. It`s highly likely that ASIC or ASX will request a retraction of a mis guided attempt of self preservation placed in front of the shareholders best interest and a date will be set that the caretaker board, by their own admission looking at todays attempt, see themselves, that they can`t win.


DYOR   IMO

Shareholder, standing for the board to clean up the mess..