A quick look at the agenda:
1. FINANCIAL STATEMENTS AND REPORTS
Well the numbers might very well be right, but they are not encouraging.
2. RESOLUTION 1 – ADOPTION OF REMUNERATION REPORT
See note at item 1.
3. RESOLUTION 2 – RE-ELECTION OF DIRECTOR – MR SHENGQIANG (SEAN) ZHOU
Why? What, apart from drawing quite a decent salary, and turning up for "work", has he achieved?
4. RESOLUTION 3 – RE-ELECTION OF DIRECTOR – BRUCE MCINNES
Ditto
5. RESOLUTION 4 – CONSOLIDATION OF CAPITAL
So instead of 20 shares I will hold 1. How does that change anything, except giving it scope to have even less value?
Oh, I forgot the option. Really guys, you think anyone is going to take them up?
6. RESOLUTION 5 – ISSUE OF SHARES TO MR FRANK ZHU UNDER THE ORD SHARE PLAN
What, more? Not that they are worth a helluva lot.
7. RESOLUTION 6 – ISSUE OF SHARES TO MR BRUCE MCINNES UNDER THE ORD SHARE PLAN
Oh yes, he'll need some too.
8. RESOLUTION 7 – ISSUE OF SHARES TO MR SHENGQIANG (SEAN) ZHOU UNDER THE ORD SHARE PLAN
Why not? Can't leave him out.
9. RESOLUTION 8 – CHANGE OF COMPANY NAME
You think people ain't gonna know who you are?
Ok, here's the $64 question... Guess which way I am voting. No prizes. Oh, you could have some of my shares. Come to think of it, HAVE THEM ALL!
(Come to think of it, postage these days is now 70 cents -- I am not sure it is justifiable economically, so I may not be voting!)
Expand
