re: Ann: Requisition for Shareholders Meeting...
Hi Raw, A couple of things... "Certain posters attacking new appointed figures are certainly fighting for their comfort of hefty salaries collected on the board and i understand that underlying insecurity." - It is important to say what you mean and mean what you say.. simple blokes like me get confused. Many people on HC have met me face to face and know exactly who I am. I do not draw any salary from KEY (I am only a shareholder). So I wonder who are you saying does? I would like to know as it is important if we are being potentially mislead. As I understand it is illegal for Directors to post without disclosing?
- It is not about being defensive and or attacking. Many of us have posted on HC on numerous stocks for many years, HC is where many punters come together and discuss stocks (and other stuff) and the goings on with them. This is what is happening here. No more no less.
- We are discussing the proposed new Directors and this is certainly relevant to the thread.
- I applaud loyalty and commitment, however I find it unusual that you have shown no concern with the discussions on the performance of the proposed Directors where it is at odds with the stated issues with KEY, in fact it seems that there are similarities in performance. This relates to things like dilution, share price, multiple boards etc.. we need to be able to fairly guesstimate future performance, this requires looking at past performance.
As an example... MVH June 2007 Had ~93,338,000 shares on issue Thursday ~208,831,000 this represents an extra 124% ( KEY have an extra 119%)
June 2007 Share price 0.29 Thursday .043 Hence a $100 investment in June 2007 would be ~$14.80 KEY for same period ~$19.30, an extra 30.4% (although I will be the first to say it does not feel that good!)
There are variations on a daily basis etc so it is no doubt possible to come up with different figures (mine are from Quarterlies, The Bourse and Stock Doctor).
MVH is looking to purchase Media3Corp. I dont know who will fund this as it requires $3m cash and 100 million shares at an issue price of $0.05 per share. The vendors will also receive 10 million options at an exercise price of $0.20 per option. It appears that MVH had $484k cash at end of quarter. No doubt cash will turn up from somewhere. SPP or the like perhaps?
This info is based on prelim info I have gathered and is subject to audit. and in good faith.. I really encourage everyone to do their own homework.
MVH appear equally as vulnerable as KEY from what I can gather, I cant find a current top 20 at the moment though.
-It appears that the performance variation between KEY and Aminex relates to Aminex's US assets (something I was reminded of in no short order..). If Aminex wanted to up their stakes in Tz then KEY would be a very cheap option (as would it be for RAK).
All in good faith etc.. and happy to correct if I am wrong as we are all human.
I am not too far from MVH office so may drop in if I can find some time.
KEY Price at posting:
3.7¢ Sentiment: None Disclosure: Held
(20min delay)
