Hey All
Hope your all having a relaxing and good weekend.
I must say, I enjoy reading posts on the VIC forum. Forums are a useful tool where everyone communicates their thoughts. Of course not everyone agrees but many valid points have been raised that lead us to question ourselves through these forums, which many times leads to frustration that is reflected with posts.
IMO, doing nothing endorses current decisions and actions that the current BOD undertake.
VIC & HDY are run by the same BOD.
HDY conducted transactions that are in breach of the ASX & HDY governance policies. Basically conducting what can be considered laundering of money, breach of code of conduct, not conducting ethical transaction, issuing shares without shareholder approval, etc just to mention a few.
My view, I did not invest in a tea house in India or a small fish n chip shop.
I invested in a ASX listed company, which has one the highest governance system in the world.
Somehow, through no fault of my own, I stand to loose a large amount of money due to HDY BOD conducting criminal transaction.
Pooling VIC shareholder votes is showing that you do not approve of their actions and now have a voice.
Now I’m just thinking out load, What if VIC pool 6-7% of votes and support another Top 10 shareholder that holds xx% of voting rights.
We may just get a BOD that may drill mines in place of shareholders.
We just make turn assests into income.
Our shareprice May reach its true value.
Working together DOES make a difference.
VIC Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held