HC. As I said in an early post, beware of tricks.When you...

HC. As I said in an early post, beware of tricks.

When you queried me, I pointed out that one potential trick was typically to appoint two more directors, but I omitted to say the others would resign at the same time..... so I might not have got the whole cigar..... but came very very close.

It was off the cuff, and if I had applied my brilliant business-mind to it I reckon I could have solved it fully.

That is why I hang around the SXX forum for now... because it is Entertaining, and life is surely not all serious.

My sentiment here before was Sell. To "bow out gracefully". Glad I did. No regrets.

So where to from here.?????

Clearly the next move comes from the Noble Boys.

So who actually WON and who lost? Boris won. Noble boys lost. Shareholders lost. Corporate Regulator lost. IMO.

A trip to Sydney to see the Show would have been a fizzer.

Interesting though... the EG's were removed only because the numbers must have unquestionably been against them. The other half of the vote was to install the Noble Boys, again it was wanted by democratic voting. So where the wishes of shareholders in a public company are circumvented by tactics... and the wishes of the Chairman over-ride shareholders for whatever reason .... it may be legally allowable, but it amounts to contempt of shareholders.

That of course is irrelevant. It is ALL about the letter of the law.

The fact that it was done demonstrates a remarkable weakness in corporate law and thus reflects poorly on those charged with making a democratic and robust legal framework. One could even make fun of them.

In fact there is nothing preventing these new Directors from suddenly retiring on the grounds of ill-health and..... guess what? yep.. the two EG's come back for an encore!! what a laugh.!

Do you really want to own shares in this company?

.... anyway.... what are they charging for a ticket to Kyrgyzstan these days.... first class of course.