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Ann: Chairmans Letter and Notice of Meeting, page-9

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  1. 315 Posts.
    lightbulb Created with Sketch. 40
    Not all resolutions are problematic... some involve past deals with various people to keep company alive, as company had no cash at the time to pay for their services...If all of these resolutions were not passed as suggested above the company would then get several notices to pay immediately for past work completed. Now if the notices were more than the company has in its bank account, the company may go broke and EVERYONE loses.
    Agree some resolutions are a bit average and can be voted down but not all...
    There is really nothing in the resolutions that is new news, most has been discussed in various announcements including the last AGM.
    This meeting ref;ects lots of work done when share price was approx 2 cents, its a pity meeting is so late but that's what we are left with...
    I urge all share holders to look at the bigger picture and the way forward, this meeting is the last hiccup of the past...
    Those of you who are still angry and don't like my attempt to put a semi ok spin on meeting, think about getting a notice that the company has gone broke and no longer listed on ASX, you would be LOT angrier if this happened..
    Most of us don't have any real control anyway, so don't be bitter and mad, its bad for us, and be like me who believe the company is on the right track with good management, excellent future sales prospects and a bright future.
 
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