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Ann: Board Changes, page-101

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nht

749 Posts.

42

06/02/19

14:01

Post #: 37349595
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Originally posted by John1985 ↑

Nht, I would love for there to be transparency from all parties involved. I think you misunderstood me in that. But it comes down to the character of the BOD to what they release.

5% isn't enough. We would need a huge amount. At least 20%-25% but higher the better. Which means top shareholders.

What I'm trying to say is to organise this is a lot of effort. Will no clear benefits. I have been watching HDY's efforts. And I have seen no results. They don't have a deciding vote. The ASX and BOD are not telling them anything new. They decided a new board without the power to elect them or even remove the old one. They are in the exact same position. All they can do is call for a spill of the board. It must be quite frustrating.

Do not forget every shareholder has a voice already. I'm pretty sure most of us in both companies used it at the last shareholder meeting. The outcome was 90% in favour of all resolutions. In other words combined or individual our voices were not enough.

More importantly as well, with a new BOD, I see even less reason at the moment to go down that track. For the moment these guys are making the right moves.

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you contradicted yourself in this post. you value transparency but don't appear to value 249D meeting that comes with 5%.
what if changing directors is not end goal....

Last edited by nht: 06/02/19

VIC Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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Ann: Board Changes, page-101

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